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Homework answers / question archive / Suppose you purchase a car for a total price of $33,795, including taxes and license fee, and finance that amount for 7 years at an annual interest rate of 7%

Suppose you purchase a car for a total price of $33,795, including taxes and license fee, and finance that amount for 7 years at an annual interest rate of 7%

Math

Suppose you purchase a car for a total price of $33,795, including taxes and license fee, and finance that
amount for 7 years at an annual interest rate of 7%. (Round your answers to the nearest cent.) (a) Find the
monthly payment. $ (b) What is the total amount of interest paid over the term of the loan? $

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