To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the loan, he paid monthly payments of $353.99 for 5 years. (a) What was the total amount Chau ended up paying for the car (including the down payment and monthly payments)? (b) How much interest did Chau pay on the loan?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 28E: Equity in a Home When you purchase a home by securing a mortgage, the total paid toward the...
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To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the loan, he paid monthly payments of $353.99 for
5 years.
00
(a)
What was the total amount Chau ended up paying for the car (including the
down payment and monthly payments)?
(b) How much interest did Chau pay on the loan?
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Transcribed Image Text:16 v 17 18 19 20 To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the loan, he paid monthly payments of $353.99 for 5 years. 00 (a) What was the total amount Chau ended up paying for the car (including the down payment and monthly payments)? (b) How much interest did Chau pay on the loan? Submit Assignment O 2021 McGraw-Hill Education. All Rights Reserved. Privacy Accessibility Tems of Use 637 AM A D E O 40 O Type here to search 2/18/2021 hp prt sc delete home & @ %23 9. backspace lock 2 3 4 6 8 { W E R T P home enter K
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