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You decide to finance a $ 1 8 , 0 0 0 . 0 0 car at a 5 % interest rate for 6 years.
You decide to finance a $ car at a interest rate for years.
A How much will your monthly payment?
My payment will be
a month. Hint
B By the end of the loan what will be the total of all your payments?
The total of all my payments will be
Hint
C How much interest will you pay over the life of the loan?
I will pay
in interest over the life of the loan. Hint
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