Business, 17.10.2021 02:30 miastrick19

Kevin decided that he wanted to buy a $32,000 new car. He paid $1,000 for a down payment but didn’t have enough cash to pay the rest. He financed the remaining $31,000 at 6%
interest on a six-year term loan. His payments were $513.76 per month. How much did
Kevin end up paying for the car? How much of that was interest payments? Did Kevin
make a good or a bad financial decision? Why?

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Kevin decided that he wanted to buy a $32,000 new car. He paid $1,000 for a down payment but didn’...

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