What is the total amount of interest paid over the term

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Question: Suppose you purchase a car for a total price of $37,730, including taxes and license fee, and finance that amount for 6 years at an annual interest rate of 6%. (Round your answers to the nearest cent.)

(a) Find the monthly payment.

(b) What is the total amount of interest paid over the term of the loan?

Reference no: EM133326853

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