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Please help!! Will give brainliest if it’s the correct answer
Maggie wants to buy a car for $24,500. If she puts a down payment of $4,000 down, she will have to take out a loan for the rest of the money with an interest rate of 5.1% and pay it back over 6 years (72 months). How much will Maggie pay each month on her loan?
take away the down payment from the total. multiply the interest rate then add it to the total. Then divide it by 6 to see how much she pays a year. then divide by 12 for monthly payments
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