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Sarah negotiated a price of $ 24, 740.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 14
Sarah negotiated a price of $ 24, 740.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 14 %. Her credit union offered her a 3-year amortized loan for the remaining amount at a rate of 2.45 %.
Please explain it in a simple way I can understand please:)
How much money will be paid in interest?
$
What will the monthly payment be?
$
How much will the car cost, in total?
$
If she got a simple interest loan at the same interest rate and time, how much would she pay in interest?
$
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