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Sarah negotiated a price of $25,700.00for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of13%. Her credit union offered
Sarah negotiated a price of $25,700.00for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of13\%. Her credit union offered her a6-year amortized loan for the remaining amount at a rate of1.65\%.
How much money will be paid in interest?
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What will the monthly payment be?
\$$
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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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