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6) Janice is driving her car for vit A and is diving a lot more mileage then previously. a. She wants to ensure that she

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6) Janice is driving her car for vit A and is diving a lot more mileage then previously. a. She wants to ensure that she has enough money in 3 years to but a $15,000 down payment for a new car. She is going to start savine money every month which will receive 5.03 on her menthly savirigs. How much does she have to save each money to reach her goal. dealer-for $15,000. This was several vears ago and she financed her purchase over 5 years at $329 per month. She feels it was a fair deal but does not know the interest. rate. Calculate the annual interest rate she is paying on her car loan. (c.) If Janice hid financed her car with BMO, several years ago, she could have received an interest rate of 7.99% to buy the car over 5 years. Calculate her monthly payments to buy the car over 5 years at the BMO rate of 7999 and calculate difference in monthly payments

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