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An installment contract for the purchase of a car requires payments of $214.69 at the end of each month for 5.5 years. Interest is 8%

An installment contract for the purchase of a car requires payments of $214.69 at the end of each month for 5.5 years. Interest is 8% per annum compounded monthly.

(a) what is the amount financed?

(b) how much is the internal cost? (round answers)

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