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Raymond is purchasing a car. He finances $18,000 at a rate of 3% for 5 years. How much interest will Raymond pay? How much interest will Raymond save if he finances the $18,000 at the same rate for 3 years
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Raymond is purchasing a car. He finances $18,000 at a rate of 3% for 5 years. How much interest will Raymond pay? How much interest will Raymond save if he finances the $18,000 at the same rate for 3 years

User Kenorb
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1080 dollars. The first interest is 2700 and the second is 1620.
User Promit
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