a new car sells for $32630. to finance the car through the bank, the bank will require 8% down payment and monthly payment of $782 for 48 months ..A) what is the total interest charged by the bank? B.) what is the APR?

Question

anonymous · Answer

CAN SOMEONE PLEASE HELP, I HAVE EXAM TOMORROW. LOST

mathstudent55 · Answer

The car costs $32630.
The down payment is 8%.
The remaining 92% of the cost will be financed.
How much of the cost of the car will be financed?

anonymous · Answer

HOW DO YOU FIND THE TOTAL INTEREST CHARGED BY THE BANK ?

anonymous · Answer

I NEED HELP A.S.A.P!!! PLEASE

mathstudent55 · Answer

The person pays 8% down.
8% of $32630 is 0.08 * 32630 = $2610.40.
That means he needs to finance the difference: $32630 - $2610.40 = $30,019.60
Ok so far?