let her monthly payment be P
P( 1 - (1+.046/12)^-60)/(.046/12) = 8500
P = 158.85
total paid = 60(158.85) = $9531.15
Amanda bought a car for $8,500. Her loan was for five years at a 4.6% interest rate. How much will Amanda pay for her car total, including interest?
1 answer