document.write( "Question 1146738: Dale purchased a car for 26000. He paid 2,000 down and financed the rest over 5 years at 3%. Find interest paid and monthly payment. \n" ); document.write( "

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Dale purchased a car for 26000. He paid 2,000 down and financed the rest over 5 years at 3%. Find interest paid and monthly payment.
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\n" ); document.write( "The balance is $24000
\n" ); document.write( "5 years = 60 months.
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\n" ); document.write( "There's no \"answer.\" Depends on the terms of the contract.
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\n" ); document.write( "Is is 3% of the remaining balance, or 3% of the $24000?
\n" ); document.write( "Regardless, it depends on what the paper Dale signed says.\r
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