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4. Stephanie, a Fresno State student would like to buy a reliable car. She has found a silver 2018 Toyota Corolla selling for $17,000 at
4. Stephanie, a Fresno State student would like to buy a reliable car. She has found a silver 2018 Toyota Corolla selling for $17,000 at Michael Toyota in Fresno and a white 2020 Honda Civic selling for $16.300 at Clawson Honda. Michael Toyota offers her a loan at 4.6% compound monthly for 48 months, while Clawson Honda offers her a loan at 4.8% compounded monthly for 48 months. a) Find the payments for both cars. b) Calculate the total amounts she would pay for both cars after she finishes paying off the loan. c) Which car should she buy if she makes the decision solely on the cost to her? Explain the reason in detail
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