Jessica purchases a 2013 Toyota RAV-4 for $23,300.00 The Toyota Finance Company offers her a 55-year loan at 43.4% simple interest as long as she can make a down payment ofat least$2,600.00 Jessica has money saved and wants to have lower monthly payments, so she actually pays $5,000.00 down.

What will her monthly payments be?

How much, in total, will she spend on her RAV-4, including the down payment?

If she had only made the minimum down payment of $2,600.00$2,600.00, what would her monthly payments have been?

What would her car have cost with the lower down payment? Again, add in your down payment.

How much did she save by making the larger down payment?