How much total interest will you have payed on the car loan, Financial Management

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How much total interest will you have payed on the car loan

You buy a car for $27000. You get a loan at 7% interest compounded yearly. You will have 60 equal monthly payments of $543.63 each month. How much total interest will you have payed on the car loan once all of your payments are complete? How much principal is paid on the car at the end of the first months's payment ?.

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Financial Management: How much total interest will you have payed on the car loan

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