For each of the car loans described in Problems 51-54, give the following information. a. Amount to
Question:
For each of the car loans described in Problems 51-54, give the following information.
a. Amount to be paid
b. Amount of interest
c. Interest rate
d. APR (rounded to the nearest tenth of a percent)
A car dealer will sell you the \(\$ 30,450\) car of your dreams for \(\$ 6,000\) down and payments of \(\$ 662.06\) per month for 60 months.
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