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Posted: April 29th, 2024
Sue wants to buy a car that costs $ 12,000. She has arranged to request
10- Sue wants to buy a car that costs $ 12,000. She has arranged to request your credit union for a loan for the total to a simple interest rate of 12%. The loan requires quarterly payments over three years. If the first payment is due within three months (one quarter) after buying the car , what is the amount of quarterly payments on the loan will be Sue ?a.1,205.55b.1,265.55c.1,105.55d.1,505.55
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