A new car loan has monthly payments of $482.75. How much money will be paid on the car loan after 3 years?

Work Shown:

1 year = 12 months

3*(1 year) = 3*(12 months) multiply both sides by 3

3 years = 36 months

You'll make 36 payments, each being $482.75, which means the total amount of money paid is 36*482.75 = 17,379 dollars

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70

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