To pay for a $19,900 camper, Elsa made a down payment of $3900 and took out a loan for the rest. On the loan, she paid monthly payments of $287.51 for 5 years. (a) What was the total amount Elsa ended up paying for the camper (including the down payment and monthly payments)? (b) How much interest did Elsa pay on the loan?
To pay for a $19,900 camper, Elsa made a down payment of $3900 and took out a loan for the rest. On the loan, she paid monthly payments of $287.51 for 5 years. (a) What was the total amount Elsa ended up paying for the camper (including the down payment and monthly payments)? (b) How much interest did Elsa pay on the loan?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
To pay for a $19,900 camper, Elsa made a down payment of $3900 and took out a loan for the rest. On the loan, she paid monthly payments of $287.51 for 5 years.
| (a) | What was the total amount Elsa ended up paying for the camper (including the down payment and monthly payments)? |
| (b) | How much interest did Elsa pay on the loan? |
Transcribed Image Text:To pay for a $19,900 camper, Elsa made a down payment of $3900 and took out a loan for the rest. On the loan, she paid monthly payments of $287.51 for 5
years.
(a)
(b)
What was the total amount Elsa ended up paying for the camper (including
the down payment and monthly payments)?
How much interest did Elsa pay on the loan?
$0
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