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Figure out the costs of buying the two cars listed below by filling in the blanks in the table

1 Answer

4 votes

Make/Model:
Ford E-Series Wagon Van

MSRP:
$28,760

Cost of options:
$5,560

Sales tax:
$2230.80 (this is based on 6.5% interest)

Total cost:
$36550.80

10% down payment:
$3655.08

Amount needed to borrow:
$32895.72

Monthly payment:
$665.62

Total interest paid:
$4,665.51

Total payments:
60 payments of total $39,937.03

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