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4 You want to purchase a new car. You are offered a loan for $18,000 with an annual interest rate of 7% and a 36

4 You want to purchase a new car. You are offered a loan for $18,000 with an annual interest rate of 7% and a 36 -month repayment period. Use the average balance method to estimate the total amount you will pay over the 36 months for this, $13,000 car loan

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