Car Loan

Assume you want to pay off your $10,000, 30-month car loan after only the first 12 months of payments. with interest at 12% compounded monthly, how much will you need pay off the loan in full at the end of the first year?question 3 answers

You will need to pay $888.49 per month for the first 11 months and a final payment of $888.47 in the twelveth month.good luck to you.