How much will molly monthly payment be

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Oh, boy! Look at that monthly payment from Question 2 above! Molly cannot afford the monthly payment using the 0% financing. She opens up Bankrate's Loan Calculator to see how much she'd pay with the other financing option.

Problem 1: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need?

Problem 2: Using the Loan Calculator and the 1.9% APR offer, how much will Molly's monthly payment be?

Problem 3: How much total interest will Molly pay using this plan?

Problem 4: When Molly adds all of her payments, how much will the car cost her using this plan?

Reference no: EM132797343

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