Assume you purchase a car using a four-year car loan of $15,000 that has a 6% interest rate? How much will you pay in total for your car if you make the minimum monthly payments? Round your answer to the nearest whole dollar and do not use comma separators. You should enter a positive number. Answer______

A Student borrows $15,000 per year for 4 years. After graduation how much is the minimum monthly payment if the interest rate is 5% and the loan has to be paid back in 15 years? Round your answer to the nearest whole $ amount. Do not use comma separators in your answer. Example: $1,000 would be entered as $1000 or 1000. Hint: The interest rate of 5% is a yearly rate, but this question is looking for a monthly payment. Answer______

A Student borrows $15,000 per year for 4 years. After graduation, f the weighted average interest rate is 5%. If you only make the minimum monthly payment, how much will you pay back over 15 years? Do not use comma separators in your answer. Example: $10,000 would be entered as 10000. Hint: You will need to find the minimum monthly payment then add all the payments up, there are 180 months in 15 years. Don't forget to adjust the annual rate to a monthly rate. Answer______