Respuesta :

klbarron

Answer:

96048

Step-by-step explanation:

times 20000 by 4.8 then times 4 by 12 and add your answers

The monthly payment rate should be $3,480.

Given that,

  • The monthly payment rate for a $20,000 loan for 4 years with an annual interest rate of 4.8%.

Based on the above information, the calculation is as follows:

[tex]= \$20,000 \times 4 \times 4.8\%[/tex]

= $3,480

Learn more: https://brainly.com/question/24908711?referrer=searchResults