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2 ) . You are going to purchase a new car that costs $ 2 5 , 9 9 8 . You pay $ 6
You are going to purchase a new car that costs $ You pay $ down and
finance the rest for months at interest rate.
a Find the amount of the monthly car loan payment that you will make.
b How much total interest will you pay on the car loan by the time the loan is paid off?
Assume you only make the minimum monthly payment each month and do not pay off any part
of the loan early.
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