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34. John Fowler makes a $350 monthly car payment, which is based on 12% annual interest, compounded monthly: 1. Determine the amount of car brought

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34. John Fowler makes a $350 monthly car payment, which is based on 12% annual interest, compounded monthly: 1. Determine the amount of car brought if John made down payment of #3,000 and the financed the rest of the amount for 5 years. ii. Determine the payoff at the time the 31" payment Is due

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