Nobu has just made the last payment on his car. the lifetime of the loan was 48 months. the bank financed him for $18,000 at 6.76%. how much did nobu actually pay, after he has made the last payment, for his car?

He paid $23,570.90.

The formula for compound interest is:
,

where A is the total amount including interest, p is the amount borrowed, r is the interest rate written as a decimal number, n is the number of times per year the interest is compounded, and t is the number of years.  Substituting our information we have:

Answer: 900°

good luck on your studies! : )

david edward.