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An installment contract for the purchase of a car requires payments of $ 2 6 8 . 3 8 at the end of each month
An installment contract for the purchase of a car requires payments of $ at the end of each month for years. Interest is per annum compounded monthly.
a What is the amount financed?
b How much is the interest cost?
a The amount financed is $
Round the final' answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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