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posted by MONICA on Monday, November 21, 2011 at 8:31am.
Suppose you see a car with an advertised price of $30,250 at $605.15 per month for 5 years. What is the amount of interest paid
Pt = $605.15/mo * 60mo. = $36,309 = Total paid. I = $36,309 - %30,250 = $6059.
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