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12. BMW is offering -486-month 10% down, 2.4% APR (Annual Percentage Rate) financing on a car you have decided to buy. That stated price for
12. BMW is offering -486-month 10% down, 2.4% APR (Annual Percentage Rate)" financing on a car you have decided to buy. That stated price for the car is $51.000. What are the monthly payments required for BMW's special-financing deal? (6 points) 13. You bought the house for $800.000 exactly five years ago. To purchase this house, you made 25 percent down and then, got a 30-year fixed-rate mortgage loan. The mortgage rate was 6 percent. What should be your monthly mortgage payment? (7 points)
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