Andrea's car has broken down for the third time this month, and she has decided to buy a different car. Her dream car, a 2016 Chevrolet Camaro, costs $38,000. She has a $4,000 down payment saved, and the bank is offering a 3.00% APR on 60 months loans for new cars. A. How much will Andrea need to borrow to buy the Camaro? B. What would Andrea need to type in Excel to figure her monthly payment, and what will her monthly payment be? C. What will the total of all of Andrea's payments be over the lifetime of the car loan? D. How much will Andrea pay in interest over the lifetime of the car loan?
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