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 a used car for \(\$ 6,798\) with \(\$ 798\) down and payments of \(\$ 168.51\) per month for 48 months.
a. \(\$ 8.886 .48 ;\)
b. \(\$ 2,088.48 ;\)
c. \(8.702 \% ;\)
d. \(17.0 \%\)
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