An installment contract for the purchase of a car requires

Last updated: 7/15/2023

An installment contract for the purchase of a car requires payments of 200 87 at the end of each month for 4 25 years Interest is 4 per annum compounded monthly a What is the amount financed b How much is the interest cost a The amount financed is S Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed