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Category > Business & Finance Posted 18 May 2017 My Price 7.00

Sue wants to buy a car that costs $12,000

Sue wants to buy a car that costs $12,000. She has arranged to borrow the total purchase price of the car from her credit union at a simple interest rate equal to 12 percent. The loan requires quarterly payments for a period of three years. If the first payment is due three months (one quarter) after purchasing the car, what will be the amount of Sue's quarterly payments on the loan?

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Status NEW Posted 18 May 2017 04:05 AM My Price 7.00

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