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1 4 - point ) George bought a new car with a 4 . 1 % interest rate for 5 years. The loan amount is
point George bought a new car with a interest rate for years. The loan amount is $
a What is the monthly payment on the loan?
b What is the total amount he will pay over the life of the loan?
c How much interest will he pay over the life of the loan?
d What is the interest portion of the deg payment?
e What is the balance after the deg payment?
f What is the interest portion of the first payments?
g What is the interest portion of the last payments?
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