1. You want to purchase a car that costs $25,000. You must pay a 10% down payment. How much is this?
Answer: 2,500
2. What do you still owe?
Answer: 22,500
3. Determine the monthly payment for 60 months with an APR of 5.5%. Round to the nearest cent.
Answer: 22,500(0.055/12)/(1-(1+0.055/12)^(-60)= 429.78 rounded to the nearest cent.
4. How much do you pay all together at the end of the 60 months including the down payment and interest charges?
I need help with number 4. Please.