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7. You buy a new 2019,755 hp Corvette ZR1 for $122,900. You have been saving up for years, but need to borrow of the purchase

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7. You buy a new 2019,755 hp Corvette ZR1 for $122,900. You have been saving up for years, but need to borrow of the purchase price to acquire the vehicle. You take out a 5 year loan at 8 percent per year. and make monthly payments. a) How much did you borrow? How much is your monthly payment? b) Fill in the loan chart for the first three payments c) How much of the second payment is interest and how much is principal? d) After making the third payment, you decide to refinance. What is the unpaid balance after the 3rd payment

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