Elise is buying a car for $14,390. She has a $1000 trade-in allowance and will make a $1500 down payment. She will finance the rest with a 4-year auto loan at 2.6% APR.
A) What is the total amount of interest she will pay?
B) What is her total payment for the car?
Did you look under your post of yesterday? What is it that you don't understand?
I believe I got the interest part but I'm unsure of how to find the total payment that she will pay.
Total amount of loan payback(which includes interest) + $1,500 down payment + $1,000 trade-in-allowance.