Dagmar has a 4-year car loan at an annual interest rate of 6.5%. She has made 28 payments of $975.77. If Dagmar decides to pay off her loan, what is her payoff amount (in dollars)? (Round your answer to the nearest cent.)
Dagmar has a 4-year car loan at an annual interest rate of 6.5%. She has made 28 payments of $975.77. If Dagmar decides to pay off her loan, what is her payoff amount (in dollars)? (Round your answer to the nearest cent.)
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
Related questions
Question
Dagmar has a 4-year car loan at an annual interest rate of 6.5%. She has made 28 payments of $975.77. If Dagmar decides to pay off her loan, what is her payoff amount (in dollars)? (Round your answer to the nearest cent.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
Recommended textbooks for you