Suppose that you decide to buy a car for $30,635, including taxes and license fees. You saved $8000 for a down payment and can get PA a four-year car loan at 5.86%. Use PMT= The monthly payment is $530.13. (Round to the nearest cent as needed.) The total interest for the loan is $. (Round to the nearest cent as needed.) to find the monthly payment and the total interest for the loan. nt

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Suppose that you decide to buy a car for $30,635, including taxes and license fees. You saved $8000 for a down payment and can get
PA
a four-year car loan at 5.86%. Use PMT=
The monthly payment is $530.13.
(Round to the nearest cent as needed.)
The total interest for the loan is $.
(Round to the nearest cent as needed.)
to find the monthly payment and the total interest for the loan.
nt
Transcribed Image Text:Suppose that you decide to buy a car for $30,635, including taxes and license fees. You saved $8000 for a down payment and can get PA a four-year car loan at 5.86%. Use PMT= The monthly payment is $530.13. (Round to the nearest cent as needed.) The total interest for the loan is $. (Round to the nearest cent as needed.) to find the monthly payment and the total interest for the loan. nt
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