From the calculations, the total amount paid for the SUV is $43,708.
<h3>What is compound interest?</h3>
The term compound interest has to do with an interest that is charged in both the principal and the interest.
In this case, the amount that was borrowed is $36,000 - $3000 = $33,000. Using the formula;
A = P(1 + r/n)^nt
P = $33,000
r = 4.2%
n = 52
t = 5 years
A = 33,000(1 + 0.042/52)^(52 * 5)
A = $40,708
Total amount paid = $40,708 + $3000 = $43,708
Learn more about compound interest:brainly.com/question/14295570?
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