English, 08.12.2020 01:00 almendares55

Nancy is the proud owner of a new car. She paid $1,500 up front and took out a loan for the rest of the amount. The interest rate on the loan is 5%. If the total cost of buying the car (including the interest Nancy owes) is more than $16,213.02, how much money did Nancy borrow? Complete the steps below to solve the problem.

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Nancy is the proud owner of a new car. She paid $1,500 up front and took out a loan for the rest of...