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Alexa will amortize a $ 3 5 , 0 0 0 car loan through equal payments at the end of each month, for 5 4
Alexa will amortize a $ car loan through equal payments at the end of each month, for months. The interest rate is compounded monthly, find:
a The amount of each payment.
b The outstanding principal at the beginning of the period.
c The interest in the payment.
d The principal in the payment.
e The total interest paid ie the finance charge
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