9.00060.O 0..0H 1- Suppose that you decide to buy a car for $25,767, including taxes and license fees. You saved $8000 for a down payment and can get a 5-year loan at 6.57%. (a) Find the monthly payment for the loan. (b) Find the total interest for the loan. (Round to the nearest dollar. For example, $247) 12.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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9.00060.O
0..0H
1-
Suppose that you decide to buy a car for $25,767, including taxes and
license fees. You saved $8000 for a down payment and can get a 5-year loan
at 6.57%. (a) Find the monthly payment for the loan. (b) Find the total
interest for the loan. (Round to the nearest dollar. For example, $247)
12.
Transcribed Image Text:9.00060.O 0..0H 1- Suppose that you decide to buy a car for $25,767, including taxes and license fees. You saved $8000 for a down payment and can get a 5-year loan at 6.57%. (a) Find the monthly payment for the loan. (b) Find the total interest for the loan. (Round to the nearest dollar. For example, $247) 12.
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