Vito Scaletta just bought his dream car, a 2020 Bugatti Divo, that cost $5,808,215

Finance Oct 23, 2020

Vito Scaletta just bought his dream car, a 2020 Bugatti Divo, that cost $5,808,215. He paid $500,000 down and financed the balance over 84 months at 4.25% p.a. (Assume that Vito makes all required payments on time).

What is the total amount of interest that Vito will pay over the entire term of the loan (that is, the total amount of interest that is paid on payments 1 through 84)?

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