[Solved] A2. Assume a 12% down payment. Calculate

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A2. Assume a 12% down payment. Calculate the monthly loan payment on the remaining amount (total price - 12% down payment) if paid monthly over

A2. Assume a 12% down payment. Calculate the monthly loan payment on the remaining amount (total price - 12% down payment) if paid monthly over 5 years. Assume a car loan rate of 8% compounded monthly. (10 marks) Total price of the vehicle:22,5490

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