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A friend of yours bought a new sports car with a $4,500 down payment plus a $29,000 car loan that is financed at an interest

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A friend of yours bought a new sports car with a $4,500 down payment plus a $29,000 car loan that is financed at an interest rate of 0.25% per month for 60 months. a. Calculate the required monthly loan payment on the car. b. How much does your friend still owe on the car loan immediately after she makes the 24th monthly payment? c. If, after the 24th payment, she decides to pay $200 more each month, how many months will it take her to payoff the remaining loan she owes? a. The required monthly payment is 517.86 (Round to the nearest cent.) b. Your friend still owes $ 17814.4 on the car loan. (Round to the nearest dollar.) c. It will take her 25 months (Round-up to the nearest month)

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