A car costs $18,000, and you're offered a loan that requires $800 down and a monthly payment of $368.23 for 54 months, how much will you pay in interest? Round your answer to the nearest dollar.

To find out how much you will pay in interest, follow these steps:

### Step 1: Calculate the total cost of the loan
The monthly payment is $368.23, and there are 54 months, so:
\[
\text{Total loan payment} = 368.23 \times 54 = 19,882.42
\]

### Step 2: Add the down payment to the total loan payments
You paid $800 as a down payment, so:
\[
\text{Total cost} = 19,882.42 + 800 = 20,682.42
\]

### Step 3: Subtract the original price of the car
The original price of the car is $18,000, so:
\[
\text{Total interest paid} = 20,682.42 - 18,000 = 2,682.42
\]

### Step 4: Round to the nearest dollar
\[
\text{Total interest paid} = 2,682
\]

Thus, you will pay **$2,682** in interest.

Would you like more details on how interest works or on loan structures?

Here are 5 related questions for further exploration:
1. What is the formula for calculating interest in a loan?
2. How does the loan term (number of months) affect total interest paid?
3. What is the impact of a higher down payment on interest?
4. How would a lower interest rate affect the monthly payment?
5. What is the difference between simple interest and compound interest?

**Tip:** The longer the loan term, the more interest you'll pay, even if the monthly payment seems affordable.

Learn how to calculate the interest paid on a car loan with monthly payments. This problem involves calculating total loan payments, adding the down payment, and finding the total interest paid. The solution includes detailed steps and is suitable for students in Grades 9-12.

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