Marsha is buying a new Toyota. The total price is $19000. She will put $34000 down and finance the rest with a 60 month, 3.9% simple interest amortized loan.

A) How much will she be financing?

B)Find her monthly payment. Round to the nearest penny.

C) If she pays all 60 payments on schedule, then how much will she have paid in total?

D) If she pays all 60 payments on schedule, then how much interest will she have paid?

Question

Marsha is buying a new Toyota. The total price is $19000. She will put $34000 down and finance the rest with a 60 month, 3.9% simple interest amortized loan.

A) How much will she be financing? 


B)Find her monthly payment. Round to the nearest penny. 


C) If she pays all 60 payments on schedule, then how much will she have paid in total?

D) If she pays all 60 payments on schedule, then how much interest will she have paid?

anonymous · Answer

she's putting down more money than the price of the car O_O