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Sam buys a car for $18,300. She makes a $1300 down payment and takes out a 5 year loan at 11% interest. Her monthly payment is $370.60. How much interest will she pay?
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1 Answer

borro=18,300$ -1,300$=17,000$

5 yeer lone at 370.60$/month...her pae 5*12*370.60=60*370.60

pae=22,236$

interest=pae-kost=22,236-17000=5,236$
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