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Sarah negotiated a price of $25,300

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Sarah negotiated a price of $25,300.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 17%?. Her credit union offered her a 4-year amortized loan for the remaining amount at a rate of 2%

How much money will be paid in interest?

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What will the monthly payment be?

$$

 

 

 
 

How much will the car cost, in total?

$$

 

 

 

 

 
 

If she got a simple interest loan at the same interest rate and time, how much would she pay in interest?

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