For a new car priced at $24,000, Martha takes a five-year loan with an interest rate of 6.5%. By the…
For a new car priced at $24,000, Martha takes a five-year loan with an interest rate of 6.5%. By the time she owns the car, how much will she have paid including principal (the original cost) and interest? (note: the formula for Interest = Principal x Rate x Time)
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