Suppose you purchase a car for a total price of $37,165, including taxes and license fee, and finance that amount for 7 years at an annual interest rate of 6%. (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?
$  

Answer rating: 100% (QA)

a To calculate the monthly payment for a loan you can use the formula for loan payment calculation P ... View the full answer