One dealer is selling the Nissan Leaf Hatchback for $25,800.00. Their finance company is offering a 36-month amortized loan at a rate of 1.25%​. Assume a down payment of 15%​. What will the monthly payment be? How much will the car cost, in total? How much money will be paid in interest?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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One dealer is selling the Nissan Leaf Hatchback for $25,800.00. Their finance company is offering a 36-month amortized loan at a rate of 1.25%​. Assume a down payment of 15%​.

What will the monthly payment be?

How much will the car cost, in total?

How much money will be paid in interest?

 

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