In April 2010, the interest rate on 36 month used car loans was 5.74% suppose you have a contract to a buy a used car for $8000.
(A) if a bank will lend you $8000 at 5.74% simple rate of interest for 36 months, how much interest will be charged?
(B) what is the total amount of the loan?
(C) what is the monthly payment due?