Answer:
The Finance Amount for 36 months for the purchased of car is $7,478
Explanation:
Given as for the Carl loan :
The cost of car = $ 11,578
The down payment of car = $4,100
So, The amount on which loan sanctioned = $ 11,578 - $ 4,100 = 7,478
The time period of loan = 36 months = 3 years
So, The Finance Amount for 36 months = A = $ 11,578 - $ 4,100 = 7,478
Hence The Finance Amount for 36 months for the purchased of car is $7,478 Answer