10. Car Loans. (Hint: P/Y=12) How many months will you pay on a car loan of

10. Car Loans. (Hint: P/Y=12) How many months will you pay on a car loan of

a. $14108 with a payment of 335.63 per month at 15% interest per year?

b. $49544 with a payment of 1,378.85 per month at 15% interest per year?

c. $10029 with a payment of 318.92 per month at 9% interest per year?

d. $39241 with a payment of 1,721.56 per month at 5% interest per year?

SOLUTION