Sarah negotiated a price of $24,980.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 15 %. Her credit union offered her a 5-year amortized loan for the remaining amount at a rate of 1.95 %.

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?