Posted by **Janae** on Sunday, May 12, 2013 at 7:32pm.

Forrest purchased a car for $20,640. He made a down payment of $2,440. He applied for a five-year installment loan with an interest rate of 10.4%. What is the total cost of the car after five years?

- financial alg -
**Ms. Sue**, Sunday, May 12, 2013 at 7:38pm
20,640 - 2440 = 18,200

I = 18,200 * .104 * 5

I = 9,464

18,200 + 9,464 + 2,440 = ?

## Answer this Question

## Related Questions

- Algebra - This assignment is about a car loan. A financial institution in your ...
- math - interest rates - Car loan: 5-yr annual-payment loan with interest rate of...
- Finance - Mr. A has taken a car on lease. The down payment is80% of Total amount...
- Economics - Calculate the total dollar amount paid for a house purchased for $...
- MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
- Math 104 - Five years ago, you bought a house for $171,000. You had a down ...
- math - Wallace and Sarah purchased furniture for their new home. They had two ...
- Finance - Five years ago, you bought a house for $151,000. You had a down ...
- Math Finance please help - Five years ago, you bought a house for $151,000. You ...
- MATH - Five years ago, you bought a house for $151,000, with a down payment of $...