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2. You purchase a new 4-wheel drive vehicle for $35,000. The dealer lets you put $5,000 down and finance the rest of the purchase over

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2. You purchase a new 4-wheel drive vehicle for $35,000. The dealer lets you put $5,000 down and finance the rest of the purchase over 5 years with an interest rate of 9% compounded monthly. a) Find the size of your monthly payments. Round up to the next cent. b) How much of your sixth payment was interest? How much was principal. c) After 3 years how much have you paid the dealer? How much of that was interest? How much do you owe? d) How much interest do you pay in the second year? e) Find the size of your final payment

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