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An installment contract for the purchase of a car requires payments of $568.60 at the end of each month for the next three years. Suppose

An installment contract for the purchase of a car requires payments of $568.60 at the end of each month for the next three years. Suppose interest is 12.0% p.a. compounded monthly. a) What is the amount financed? b) How much is the interest cost?

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