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1. Do on Excel Sheet You recently purchased a car and financed the purchase with a $12,000 loan. The interest rate on the loan is

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1. Do on Excel Sheet You recently purchased a car and financed the purchase with a $12,000 loan. The interest rate on the loan is 6.25% and you will be making monthly payments for 4 years. a. Calculate the monthly loan payment. b. Develop an amortization schedule for the loan

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