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?

## Answer This Question

## Related Questions

- business finance - You have saved $15,000 for down payment on a car costing $55,...
- math: precalc - You are going to buy a $18,000 car. The dealer offers you $2000 ...
- finance - You want to purchase a car. It costs 25,000. You have 3,000 that you ...
- Finance - You are interested in a new Ford Taurus. After visiting your Ford ...
- Finance - Debbie Snyder has just graduated from college and needs to buy a car ...
- Finance - You are interested in a new Ford Taurus. After visiting your Ford ...
- finance - You take out a 30- yr mortgage loan, purchase price is $120,000 put $...
- finance - You have only saved 2,000. You are going to trade in your old car and...
- algebra - Brandon is buying a car. The monthly payment p for the car varies ...
- math - Debbie Snyder has just graduated from college and needs to buy a car to ...

More Related Questions