Find what are the monthly payments and the total interest

Reference no: EM13296460

A 2014 Ford Mustand convertible in 'Gotta have it Green Metallic' is retailing for $38,000. If you put $3,500 down on the vehicle, and obtain approval for a 2.19% car loan compounded monthly for 5 years.
What are the monthly payments and the total interest that is paid on the loan in 5 years?

Reference no: EM13296460

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