Question: Tim and Michael are having trouble finding an IONIQ 5 in stock, so theyre also considering buying a Tesla model 3. They showed me an

Tim and Michael are having trouble finding an IONIQ 5 in stock, so theyre also considering buying a Tesla model 3. They showed me an information sheet they got from the dealership. It stated that the monthly payments would be $952 for 72 months if they financed $59,440 for the car with the usual type of add-on loan that we studied.

a. How much in total will they pay back on the car loan?

b. What is the interest rate?

c. Make an argument for which car they should buy, based on some numbers from the two car problems

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