Suppose you see a car with an advertised price of $28,450 at $594.60 per month for 5 years. What is the amount of interest paid? $7226?

please help

Right.

THANKS!!!

You're welcome.

To calculate the amount of interest paid, you will need to know the total cost of the car (including interest) and subtract the initial price of the car.

To find the total cost of the car, you can multiply the monthly payment by the number of months (5 years is equal to 60 months).

First, multiply the monthly payment by the number of months:
$594.60 * 60 = $35,676

Next, subtract the initial price of the car from the total cost:
$35,676 - $28,450 = $7,226

So, the amount of interest paid on this car is $7,226.

If you need further assistance, please let me know.