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(9) Jay jay buys a new car costing $30,000. He agrees to make monthly payments for 60 months at the end of each month. (a)

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(9) Jay jay buys a new car costing $30,000. He agrees to make monthly payments for 60 months at the end of each month. (a) If he is paying 5% interest compounded monthly, What is the amount of each payment? (b) Find the total amount of interest he will pay

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