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Derek borrows $31,300.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.25%. What

Derek borrows $31,300.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.25%. What will the payments be?

Derek borrows $40,404.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.18%. After a 12.00 months Derek decides to pay off his car loan. How much must he give the bank?

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