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.

Equivalent equations have the same solution. You can create equivalent equations by performing the same operations on each side of the equation. You can check for equivalence by finding the solution for each equation.

hope this helps