SIMPLE INTEREST LOANS
You have been searching for your dream car, a
1965 Ford Mustang. You fi...
Mathematics, 23.10.2020 17:50 Irdk1
SIMPLE INTEREST LOANS
You have been searching for your dream car, a
1965 Ford Mustang. You finally find one for sale
for $28,900. Now it's time to explore financing for
your purchase.
Use the Simple Interest Spreadsheet to answer
the following questions.
You borrow the entire amount, at 5.7% interest, and finance the purchase over 6 years.
1. What is the amount of interest you will pay?
2. What is the total you will pay for the car?
Answers: 3
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