N to find the monthly payments and the total interest for the loan
-nt
1 +
Suppose that you borrow $10,000 for four years at 5% toward the purchase of a car. Use PMT=
1-
The monthly payment is $0
(Do not round until the final answer. Then round to the nearest cent as needed.)
The total interest for the loan is 5
(Use the answer from part (a) to find this answer. Round to the nearest cent as needed.)