Business, 27.02.2020 04:24 Sarahinator04

You bought a car for $6,500. You put down $1,000 cash and have to take a loan out to pay for the rest. The car dealership is offering you a loan of $5,500. They say your interest rate will be 7% and you can pay the car off in 8 years. How much money in interest and how much will you have paid back?

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You bought a car for $6,500. You put down $1,000 cash and have to take a loan out to pay for the res...