Victor would like to buy his first car and the one he has his eye on is $25,000 plus an extra 13% HST...
Victor would like to buy his first car and the one he has his eye on is $25,000 plus an extra 13% HST for a total price of $28,250. The dealership has a deal for 0% down payment and charges 2.99% interest on the loan. Victor plans to make car loan payments weekly and has accepted the maximum loan repayment period of 8 years.
How much will his weekly care loan payment be? [1]
How much will he have paid to the dealership by the time his loan is paid off? [2]
How much interest will be paid? [3]
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