Determine how much will kris-payments be

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Kris borrows money in her senior year to buy a new car. The car dealership allows her to defer payments for 12 months, and Kris makes 36 end-of-month payments thereafter. If the original note (loan) is for $24,000 and interest is 1?2% per month on the unpaid balance, how much will Kris/ payments be?

Reference no: EM13206912

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Determine how much will kris-payments be : The car dealership allows her to defer payments for 12 months, and Kris makes 36 end-of-month payments thereafter. If the original note (loan) is for $24,000 and interest is 12% per month on the unpaid balance, how much will Kris/ payments be

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