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You want to buy a Lincoln for 84,600 and the finance office at the dealership has quoted you an APR of 7.1%, compounded monthly, for

You want to buy a Lincoln for 84,600 and the finance office at the dealership has quoted you an APR of 7.1%, compounded monthly, for 72 months. How much interest will you pay over the life of the loan assuming you make all payments on time? image text in transcribed
15. You want to buy a Lincoln for $84,600 and the finance monthly, for 72 months. How much interest will you pay over the life of the loan assuming you make all payments on time? (Chap 5) office at the dealership has quoted you an APR of 7.1%, compounded A. $17,204 B. $16,048 $19,542 $20,686 E. $23,911

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