Suppose that you borrow ?$15,000 for four years at 5?% toward the purchase of a car. Find the monthly payments and the total interest for the amortized loan.
What is The monthly payment ?(Do not round until the final answer. Then round to the nearest cent as? needed.)
What is The total interest for the loan ?? ?(Use the answer from part a to find this answer. Round to the nearest cent as? needed.)