For the car loan described, give the following information.
A newspaper advertisement offers a $4,500 used car for nothing down and 36 easy monthly payments of $156.62.
(a) amount to be paid
$

(b) amount of interest
$

(c) interest rate (Round your answer to two decimal places.)
%

(d) APR (rounded to the nearest tenth percent)
%

Question

For the car loan described, give the following information.
A newspaper advertisement offers a $4,500 used car for nothing down and 36 easy monthly payments of $156.62.
(a) amount to be paid
$   

(b) amount of interest
$   

(c) interest rate (Round your answer to two decimal places.)
  %

(d) APR (rounded to the nearest tenth percent)
  %

ganeshie8 · Answer

@amistre64

anonymous · Answer

I've been going back and fourth even called my mom and she just laughed

anonymous · Answer

a. You pay 36 payments of 156.62 each, so multiply
b. How much over the 4500 did you pay (from part a)

anonymous · Answer

5,000