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A 1 Amount financed 2 Annual interest rate 3 Payments per year 4 Number of years B $25,000 6% 12 5 6 Monthly payment

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A 1 Amount financed 2 Annual interest rate 3 Payments per year 4 Number of years B $25,000 6% 12 5 6 Monthly payment $587.13 7 Total interest paid $3,182.03 Which formula in cell B7 correctly calculates total interest paid on a $25,000, 6%, 4-year car loan? Multiple Choice (86 B4)-B1 +(86 B3 B4)-B1 =B1-(86 B3/B4) +(B6'83'84)-B1

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