lindsey bought a new car for 29000 she paid a 10 down payment and financed the remaining balance

Name: lindsey bought a new car for 29000 she paid a 10 down payment and financed the remaining balance for 36months with an apr of 45 assuming she made monthly payments determine the total cost of 19026
Uploaded: 2023-08-23T21:10:12-08:00
Duration: 1 min 50 s
Channel: Nick Johnson
Description: lindsey bought a new car for 29000 she paid a 10 down payment and financed the remaining balance for 36months with an apr of 45 assuming she made monthly payments determine the total cost of 19026

Question

Tim Thornhill · Accepted Answer

First, we need to calculate the down payment. 10% of $29,000 is $2,900.

Question

Lindsey bought a new car for $29,000. She paid a 10% down payment and financed the remaining balance for 36 months with an APR of 4.5%. Assuming she made monthly payments, determine the total cost of Lindsey's car. Round your answer to the nearest cent, if necessary.

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