Question 1122068
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*[tex \LARGE \ \ \ \ \ \ \ \ \ \ PMT =\ \frac{r(PV)}{1\,-\,(1\,+\,r)^{-n}}]


Your PV is 3098, your r is 0.0179, and your n is 48.  Just do the arithmetic.


The amount of interest is the total of all the payments, that is PMT times 48, minus the Present Value (PV).


You can do your own arithmetic
								
								
John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it
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*[tex \LARGE \ \ \ \ \ \ \ \ \ \  
								
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