Question

• Calculate the amount of interest you will need to pay in order to borrow money to purchase your car. You will be borrowing the money for 6 years. (Assume that you are paying 10% of your vehicle cost as a down payment.) (10 pts.) How can I go about doing this?

Answer 1

My car is $109,817

Answer 2

I don't understand what the 10% is, and how I would use it..

Answer 3

I found my total tax ect.

Answer 4

http://www.ehow.com/how_2301604_calculate-interest.html

Answer 5

@inowalst I did that but I don't understand what this is asking me. I know how to calculate it.. I'll email my teach and see if he can help if you dont

Answer 6

Oh alright.

Answer 7

I GOT IT :) Thanks anyways.

Answer 8

You're welcome.