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4. A car dealership offers 1.7% financing toward the purchase of a certain model of car. The dealership's offer results in a monthly payment of
4. A car dealership offers 1.7% financing toward the purchase of a certain model of car. The dealership's offer results in a monthly payment of $28.25 per $1,000 borrowed for 36 months. Complete the table below for the corresponding monthly payment. Monthly Payment $28.25 Amount Borrowed $1,000 $2,000 $4,000 $6,000 $8,000 $12,000 $15,000 5. Use the data from problem 4 to answer the following: a). If your monthly payment is $310.75, how much did you borrow? b). If your monthly payment is $480.25, how much did you borrow? c). How much is your monthly payment if you borrow $13,000? d). If you borrow $13,500, how much will you pay back, in total, for the loan
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