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Sarah negotiated a price of $25,020.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 14%. Her



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Sarah negotiated a price of $25,020.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 14%. Her credit union offered her a 5-year amortized loan for the remaining amount at a rate of 1.75%. How much money will be paid in interest? 8522.40 Preview $ 8522.40 Not quite. What will the monthly payment be? Preview $ 500.66 500.66 ! Nope. How much will the car cost, in total? $ 33542.40 Preview $ 33,542.40 Not quite. If she got a simple interest loan at the same interest rate and time, how much would she pay in interest? $ 1882.76 * Correct. Good Job! Preview $ 1882.76 Pz pt CI-CH+5) -6> P(5) Prat -Cf) - 2 $25020 For a new Toyota Syear amortized lean out a rate of 1.75% Doon put of 14% Interest $4522.40 Monthly Pat $500.66 Total Cost 2 $33542.40. Simple Interest $1882.76 25020.0.1423502.80 25020-3502.821517.20 Down prt 21517(14 0.14 1-(1+)-(12)(5) 500.66 Totale S0066 (12) (5) = 30039.60 30039.60 +3502.80=33542.40 33547.40-250208522.40 Simple intereste 21517.20 (1.75100).S=1882.76 AAA

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