Suppose that you decide to buy a car for $26,635, including taxes and license fees. You saved $5000 for a down payment and can get a four-year car loan at 7.25%. Use PMT = P n A to find the monthly payment and the -nt] 1+ total interest for the loan. The monthly payment is $ (Round to the nearest cent as needed.)

Suppose that you decide to buy a car for $26,635, including taxes and license fees. You saved $5000 for a down payment and can get a four-year car loan at 7.25%. Use PMT = P n A to find the monthly payment and the -nt] 1+ total interest for the loan. The monthly payment is $ (Round to the nearest cent as needed.)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

The monthly payment is $ enter your response here. (Round to the nearest cent as needed.) The total interest for the loan is $ (Round to the nearest cent as needed.)