Question: 1) Solve the problem. 1) Barb is buying a new car for $ 14,000. Her old car has a trade-in Value of $2500. The dealer

1) Solve the problem. 1) Barb is buying a new car for $ 14,000. Her old car has a trade-in Value of $2500. The dealer informs her that the financing charge is 5% add-on interest. If she wishes to take 3 years to pay off the car, what will be the total amount to be repaid? 2) What will Barb need to pay each month to pay-off her car loan? 2)

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