A car is advertised with a price of $14014. The payment plan to own a car is $490 per month for 6 years. What is the amount of interest paid? Round to the nearest cent. Do not put the $ in your answer or any units. Only put the number value for your answer.
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Step 1
Since the payment plan is $490 per month, you need to multiply this monthly payment by the number of months in 6 years. Total amount paid = Monthly payment × Number of months Total amount paid = $490 × (6 years × 12 months/year) Total amount paid = $490 × Show more…
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