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n Suppose that you borrow $11,000 for three years at 6% toward the purchase of a car. Use PMT = PH [1-(1 to find the
n Suppose that you borrow $11,000 for three years at 6% toward the purchase of a car. Use PMT = PH [1-(1 to find the monthly payments - nt 1 + n and the total interest for the loan. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $ (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.)
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