SOLUTION: Suppose you see a car with an advertised price of $15,800 at $430.83 per month for 4 years. What is the amount of interest paid? (Round your answer to the nearest cent.)

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Question 1153041: Suppose you see a car with an advertised price of $15,800 at $430.83 per month for 4 years. What is the amount of interest paid? (Round your answer to the nearest cent.)
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Multiply the payment by 48, then subtract $15,800.