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5) (10 points) Suppose your friend Whitney is considering buying a new car. She is going to make monthly payments at the end of each
5) (10 points) Suppose your friend Whitney is considering buying a new car. She is going to make monthly payments at the end of each month) of $789.17 on a loan of $34.000. If the annual percentage rate is 5.40%, how long in years is the loan for? (Using a financial calculator will earn 7 points, but show all entries, i.e. PV i/yr = .. etc)
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