You are looking to buy a new vehicle and found a used Toyota Corolla for $19,000. You have $5,000 to put down and are looking to make payments on the rest.You received the following quote (assumetaxes, licensing, etc. are paid separately).

Bank of America will give you a car loan at 7.5% over a 4 year term for $336.40 per month.

1. what is the total cost of the loan?

2.what is the total cost of the car?

3.what is the total amount of interest paid?