Mathematics, 10.07.2019 10:00, sa12340

Your truck loan is $48,000 $48,000 with an apr of 6% 6% compounded annually for 7 7 years. the compound interest formula for this loan is a=$48,000(1.06 ) 7 . a=$48,000(1.06)7. if this loan was changed to be compounded monthly, what would the new annual percentage rate need to be for you to spend the same amount of money? apr=8.8% apr=5.8% apr=6.2% apr=5.6%

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Your truck loan is $48,000 $48,000 with an apr of 6% 6% compounded annually for 7 7 years. the compo...