Do you want to buy a new Sports coop for 84,600 and the finance officer at dealership has quoted you an APR 7.1% compounded monthly for 72 months. How much interest will you pay over the life of the long assume when you make all the payments on a timely basis?

Answer rating: 100% (QA)

To calculate the total interest paid over the life of a loan we can use the for... View the full answer