Posted by **tina** on Monday, January 31, 2011 at 7:21am.

Richard likes the car price of $10,000 but financing through the dealer is no bargain.He has $2,000 for a down payment,so he needs $8,000 for the loan.Richard borrows $8000 for a period of four years at an add on intrest rate of 11 %.What is the total intrest on the loan?What is the total cost on the car?What is the monthly payment?what is the apr?

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