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1. The cost of a used car is 11,900. It could be financed with a down payment of 10% and a 5-year loan at a

1. The cost of a used car is 11,900. It could be financed with a down payment of 10% and a 5-year loan at a rate of 6.9%. Determine the following: (a) The amount financed. (b) The monthly payment. (b) The total installment price. (Installments Down Payment.) (c) The finance charge.

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