You are considering buying a car for
$
14
,
000.00
$14,000.00. You put
$
2
,
800.00
$2,800.00 down and are thinking about taking out a
60
60​-month loan at
11
%
11% simple interest to pay for the rest. Round all answers to the nearest penny, if needed, unless otherwise directed.

How much will your principal be?