Question: Will bought a new car and financed $ 2 6 , 0 0 0 to make the purchase. He financed the car for 6 0

Will bought a new car and financed $

26, 000

to make the purchase. He financed the car for

60

months with an APR of

5.5 % .

Assuming he made monthly payments, determine the total interest Will paid over the life of the loan. Round your answer to the nearest cent, if necessary.

Will bought a new car and financed $26,000 to make the

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