You take out a 5-year car loan with monthly payments of $400.  The interest rate for the loan is 3.25%.  How much total interest will you pay over the life of the loan? Group of answer choices $2,021.90 $22,123.89 $24,000.00 $1,876.11

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ISBN:9780470458365
Author:Erwin Kreyszig
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You take out a 5-year car loan with monthly payments of $400.  The interest rate for the loan is 3.25%.  How much total interest will you pay over the life of the loan?
Group of answer choices
$2,021.90
$22,123.89
$24,000.00
$1,876.11
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