- 3 A Car Dealer Figuring Interest At 8 5 Compounded Monthly Offers To Sell You A New Car If You Trade In Your Car Whi 1 (22.77 KiB) Viewed 23 times
3. A car dealer, figuring interest at 8.5% compounded monthly, offers to sell you a new car if you trade in your car whi
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3. A car dealer, figuring interest at 8.5% compounded monthly, offers to sell you a new car if you trade in your car whi
3. A car dealer, figuring interest at 8.5% compounded monthly, offers to sell you a new car if you trade in your car which is worth $6000 and agree to pay $350 every month for the next three years. a) What is the cash value of the car today? b) How much total interest would you pay with this deal?
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