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(4 points) Susie takes out a car loan for $7600 for a term of 3 years at 12% interest compounded monthly (a) Find her monthly

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(4 points) Susie takes out a car loan for $7600 for a term of 3 years at 12% interest compounded monthly (a) Find her monthly payment (b) Find the total amount she pays for the car. (c) Find the total amount of interest she pays. (d) Find the amount she still owes after 1 year. (e) Find the amount she still owes after 2 years. ( Find the total interest she pays in year 2. (g) Prepare an amortization schedule (as in Table 1 at the beginning of this section) for the first 4 months. Loan amortization table Payment number Amount Interest Applied to principal Unpaid balance 4

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