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20 points O Point of 1 ance Charges. Bill wants to purchase a new car for $50,000. Bill has no savings, so he needs
20 points O Point of 1 ance Charges. Bill wants to purchase a new car for $50,000. Bill has no savings, so he needs to finance the entire purchase amount. With no down payment, the interest rate on the loan is 13 ma His monthly payments will be $1,003.71. Birs monthly net cash flows are $640. Bill also has a credit card with a $9.909 st and an interest rate of 18% 0 uses a of w how much will he add each month to his credit card balance if he uses it to finance the remainder of the car? What will the finance charges be on his credit card for the first two s s no payments on his credit card for the first two months) cash flows me the ma mount Bill will add each month to his credit card balance if he uses it to finance the remainder of the car is 1 (Round to the nearest cent) 11 Save
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