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?

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