Mathematics, 08.06.2021 22:00, cristykianpour

While reviewing job alert messages on his phone Daman noticed Amazon is in need of part-time drivers to deliver
packages in and around the GTHA with only one stipulation,
all drivers must own a cargo van. After doing his research
Daman settled on purchasing a 2017 Ford Transit van for
$25,250 financed by the dealership. The interest rate on the
loan was 5.86% per year, compounded weekly. He is
expected to repay the loan in full after 6 years.

a. What is the total amount Daman repaid the
dealership? Use 6 decimal places.

b. How much did it cost Daman in interest charges to borrow $25,250?

Answers: 2

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While reviewing job alert messages on his phone Daman noticed Amazon is in need of part-time driver...