# Could someone help me with these three questions? It's urgent.

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*Hazel is thinking of buying a $27,700 car by making a down payment of 8% of the purchase price, taking out a loan at an interest rate of 5.76%, compounded monthly, and making monthly payments for the next 5 years.*

**1) How much will Hazel have left to borrow after making the down payment?**

2) What will be Hazel's monthly payment?

3) How much will Hazel pay in total for the car?

*Hazel is thinking of buying a $27,700 car by making a down payment of 8% of the purchase price, taking out a loan at an interest rate of 5.76%, compounded monthly, and making monthly payments for the next 5 years.*

**1) How much will Hazel have left to borrow after making the down payment?
2) What will be Hazel's monthly payment?
3) How much will Hazel pay in total for the car?**

##### 1 Answer

Jul 10, 2018

1) 8% of $27.700 is $2.216

Hazel will have to borrow $25,484

2) 5.76% compounded monthly is

3) Total is $2,216 + $33,966.06= $36,182.06