In$-$class question: Let's say you are buying a car with a loan. The car costs $$32,000.$ Terms of the loan

are as follows:

$ $2000$ down payment

the bank wants to make $5(\%)/()$ year on the loan over five years.

$($a$)$ What are the annual payments? $$(6929)/()$ year

$($b$)$ How much interest did you pay the bank? $$4646$