Question
Jenna bought a new car for $35,000$35,000. She paid a 10%10% down payment and financed the remaining balance for 4848 months with an APR of
Jenna bought a new car for $35,000$35,000. She paid a 10%10% down payment and financed the remaining balance for 4848 months with an APR of 4.5%4.5%. Assuming she makes monthly payments, determine the total interest Jenna pays over the life of the loan. Round your answer to the nearest cent, if necessary.
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
