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How much will his weekly care loan payment be

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Question - Victor would like to buy his first car and the one he has his eye on is $25,000, plus an extra 13% HST for a total price of $28,250. The dealership has a deal for $0 down payment and charges 2.89% interest on the loan. Victor plans to make car loan payments weekly and has accepted the maximum loan repayment period of 8 years.

How much will his weekly care loan payment be?

How much will he have paid to the dealership by the time his loan is paid off?

How much interest will be paid?

Reference no: EM132976921

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