A couple with a newborn baby needs a new vehicle. They take out a $31,000.00 car loan at 8.4% compounded monthly for 5 years. The couple decided to pay an extra $65.00 per payment. (Round all answers to 2 decimal places.)
What is the monthly payment for this loan? $
How much will the couple actually monthly payment be? $
How many payments (that include the extra $65.00) will they make?
How much will the couple save? $
What is the monthly payment for this loan? $
How much will the couple actually monthly payment be? $
How many payments (that include the extra $65.00) will they make?
How much will the couple save? $