car dealer will sell you a used car for $6,598 with $798 down and payments of $166.51 per month for 48 month. Find (a) amount to be paid; (b) amount of interest; (c) Interest rate. (Round your answer to two decimal places.);

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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A car dealer will sell you a used car for $6,598 with $798 down and payments of $166.51 per month for 48 month. Find

(a) amount to be paid;

(b) amount of interest;

(c) Interest rate. (Round your answer to two decimal places.);

(d) APR (round your answer to nearest tenth of a percent.)

Make sure to show all your work for all parts of the problem.

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