Your friend just purchased a new sports car for $32,000. he received $6,000 for his trade in and he used that money as a down payment for the new sports car. he financed the vehicle at 6.76% apr over 48 months with a monthly payment of $619.15. determine, from the given information, the finance charge.

Finance charge is $3719.20

Step-by-step explanation:

Total cost of the car = $32000

Down payment made = $6000

Amount left for loan =

Rate = 6.67% (not needed to solve this question)

Time = 48 months

Monthly payment = $619.15

So, for 48 months, payment will be =

Finance charge is = dollars

Therefore, the answer is $3719.20.

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step-by-step explanation:

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