Answer to Question #325307 in Economics of Enterprise for Firmino

Question

1. Molly has a $2500 down payment saved for this purchase, and the dealer’s $1500 Cash Allowance will come straight off her total. How much loan does Molly need?
2. How much total interest will Molly pay using this plan? 
3. When Molly adds all of her payments, how much will the car cost her?

Answer 1

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