Question

Please help me with this question I’ve tried by myself but it’s to difficult

Answer 1

Answer:

Step-by-step explanation:

a) She borrows 34790 - 4000 - 2900 = $27,890

b) 5 years are 60 months so from the chart on the 2.9% line her payment per $1000 is $17.924. She is borrowing 27.89 thousand dollars

27.89(17.924) = $499.90 is her monthly car payment

c) 499.90(60) - 27890 = $2,104 in interest charges

d) 4000 + 2900 + 499.90(60) = $36,894 is total price paid for the car.