Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

24. The____
is the total amount of the car loan, plus taxes and fees.
A- Principal
B- Value
C- Interest
D- Term

Sagot :

Lanuel

The total amount of the car loan, plus taxes and fees is called: A- Principal.

A principal can be defined as an amount of money that represents the total amount of loan on an asset, plus taxes and other fees applicable.

In Financial accounting, principal is commonly associated with compound interest or simple interest.

Mathematically, simple interest is given by the formula:

[tex]S.I = \frac{PRT}{100}[/tex]

Where:

  • S.I is the simple interest.
  • P is the principal amount.
  • R is the interest rate.
  • T is the time measured in years.

Read more: https://brainly.com/question/22621039

Answer:

A- Principal

Step-by-step explanation:

The Principal is the total amount of the car loan, plus taxes and fees.

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.