Naomi gets a $26,000 loan in order to purchase a new car. Her loan has an interest of 3.5% and she has decided she will pay off the car in 5 years with monthly payments of $473. If Naomi makes her monthly payments for the next 5 years, what is the total amount that she will spend to pay off the car?
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Home » Mathematics » Naomi gets a $26,000 loan in order to purchase a new car. Her loan has an interest of 3.5% and she has decided she will pay off the car in 5 years with monthly payments of $473.