Some newly school question and answer requested students to state what they believe is the most crucial important thing for a student to do to be able to accomplish success. The one which response stood out from the rest was practice. Successful persons commonly are not born successful; they become successful thru hard work and commitment. If you would like to reach your goals, keep this in mind! right below are one of the answer and question example that you possibly will benefit from to practice and elevate your practical knowledge and also give you insights that may help you to maintain your study in school.

## Question:

Giving brainliest

2. Using the Loan Calculator how much will Molly’s monthly payment be for a 36 month loan?

3. How much total interest will Molly pay using this plan?

4.

When Molly adds all of her payments, how much will the car cost her?

## Answer:

**Loan **is the amount **lender **give to **borrower **in return of **interest **and payment of **principal **amount on its **maturity**.**$597.08** is the monthly payment,** 0 interest **and **cost **of **car **is **$21,495**.

### What is loan?

A **contract** between **lender **and **borrower **where borrower gets the **money**(**principal**) and **obligated **to pay **interest **and the **principal **about as per the **terms **of the **contract**.

**Price of the car**= $25495

**Down payment**=$2500

**Cash Allowance**=$1500

2. At **0% APR**, **monthly payment**= **loan amount/period of loan**

**Loan amount needed**=**price **of car- **down payment**– **cash allowance**

= $25495 – $2500-$1500

= **$21495**

So the **monthly payment**=**$21495/36**

=**$597.08 **

3. Molly will pay **0%** **interest **because there is **no interest rate** specified.

4. The **cost **of the **car **to **Molly **is **$21,495.**

Therefore, it can be said that the above calculation **aptly **describes the statement.

Learn more about **loan **here:

They could certainly hopefully help the student handle the question by obtaining the questions and answer examples. You possibly will then have a discussion with your classmate and continue the school learning by studying the problem altogether.