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You buy a new car on a $56,000, 7-year, 6.5% loan You buy a new car on a $56.000, 7-year, 6.5% loan. A. How much

You buy a new car on a $56,000, 7-year, 6.5% loan

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You buy a new car on a $56.000, 7-year, 6.5% loan. A. How much are your monthly payments? B. How much will go toward principal in the 21st month? C. How much will go toward interest in the 21st month? D. How much in total will you pay in interest over the life of the loan

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