Solution-Offering such low interest rates

Offering such low interest rates

Reference no: EM131086145

Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $31,100 at 5.5% on December 28 2012, and paid it off February 23 2014. How much did she pay in interest? (Assume ordinary interest.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Reference no: EM131086145

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Offering such low interest rates : Diane Van Os decided to buy a new car since her credit union was offering such low interest rates. She borrowed $31,100 at 5.5% on December 28 2012, and paid it off February 23 2014. How much did she pay in interest?

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Offering such low interest rates

Reference no: EM131086145

Reference no: EM131086145

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