you want to buy a $25,000 car (including car, tax, and title). You put $0 down. You have a mediocre credit score and the bank will give you an interest rate of 10%. Instead of the standard 5-year loan you agree to a 7-year loan so you can lower monthly payments . Amount of loan (how much $$$ are you borrowing): $ Interest rate: 10% Loan Period in Months: (number of years X 12): What is your MONTHLY PAYMENT? $ What is the total cost of the car you pay (including interest), once you make the last payment? Total amount you paid: $ How much more did you pay for the car because of interest (in other words how much did you pay in just interest--not the actual cost of the car)? Interest Paid (Total amount you paid - cost of car): $