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3. Suppose you bought a $60,000 truck which is 100% financed at 10% annual rate for 7 years. a How much will your monthly payments

3. Suppose you bought a $60,000 truck which is 100% financed at 10% annual rate for 7 years.

a How much will your monthly payments be?

b What will be your total payment at the end of the 7 years?

c After 7 years, how much of your total payment is interest?

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