# For a new car priced at $24,000, Martha takes a five-year loan with an interest rate of 6.5%. By the…

For a new car priced at $24,000, Martha takes a five-year loan with an interest rate of 6.5%. By the time she owns the car, how much will she have paid including principal (the original cost) and interest? (note: the formula for Interest = Principal x Rate x Time)