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425 Nona purchased a new car earlier today for $32,000. She financed the entire amount using a five-year loan with a 3 percent interest rate

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425 Nona purchased a new car earlier today for $32,000. She financed the entire amount using a five-year loan with a 3 percent interest rate (compounded monthly). (a) Compute the monthly payments for the loan. (b) How much will Nona We on the loan after she makes payments for two years (i.e, after 24 payments)

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