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4 - 1 0 4 Calculate and print out the balance due, principal payment, and interest payment for each period of a new car loan.

4 - 104

Calculate and print out the balance due, principal payment, and interest payment for each period of a new car loan. The nominal interest is

8 %

per year, compounded monthly. Payments are made monthly for

5

years. The original loan is for $

27, 000 .

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