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32. A car costs $22,000, and you're offered a loan that requires $800 down and a monthly payment of $439.23 for 54 months, how much will you pay in interest? Round your answer to the nearest dollar.$

User AndRSoid
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1 Answer

22 votes
22 votes

A car costs $22,000, and you're offered a loan that requires $800 down and a monthly payment of $439.23 for 54 months, how much will you pay in interest? Round your answer to the nearest dollar.

we have

800+54*(439.23)=$24,518.42

the interest is equal to

I=$24,518.42=$22,000

I=$2,518.42

Round to the nearest dollar-----> $2,518

User Andrew Chelix
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