Mathematics, 01.10.2021 08:00 caseypearson377

Jessica has $70,000 in the bank and is earning 5% compounded monthly. She plans to purchase a used car, for which the down payment is $500 and the monthly payments are $280? Will her monthly interest cover the cost of the down payment?

Explain? Will her monthly interest cover the cost of the monthly payment? show work please

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