Sara borrowed 25,500 to purchase a new car .if the rate on the loan is 8%compounded quarterly , how much will she pay in total over the course of the 5 years loan?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Sara borrowed 25,500 to purchase a new car .if the rate on the loan is 8%compounded quarterly , how much will she pay in total over the course of the 5 years loan?
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