Question 4

You are buying a car today and will pay back $256 per month for 48 months.You make your first payment today.If the rate is 4.58%, how much did you borrow?

Question 5

You borrowed $25,559 to buy a car.If you pay$457per month, you will pay it off after making 61 payments. How much total interest will you pay?

Question 6

You borrowed $20,906 to buy a car.If you pay$436per month, you will pay it off after making 67 payments. If you pay $40 more each month,you will pay it off 7 months sooner.How much total interest will you save?

Question 7