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Mikaela is considering a used Ford Explorer. She has found one with a list price of $12,500 and can get a 5 year loan at
- Mikaela is considering a used Ford Explorer. She has found one with a list price of $12,500 and can get a 5 year loan at 2.9%.
- What are her monthly payments?
- How much total interest is paid if she makes all the payments?
- What happens to the monthly payment is Mikaela puts $2,000 down as a down payment?
- What happens if Mikaela puts $2,000 down AND pays an extra $50 on each monthly payment?
- What is the interest payment at payment # 70?
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