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Assume you have a car loan for $50,000. Your simple interest rate is 5% (per period or annual as needed) 1. find the simple interest

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Assume you have a car loan for $50,000. Your simple interest rate is 5% (per period or annual as needed) 1. find the simple interest AMOUNT for one period 2. find the total payment accrued for one period 3. find the the simple interest AMOUNT for 5 years 4. find the total payment accrued for 5 years 5. find the COMPOUND interest AMOUNT for one period 6. find the COMPOUND interest for 5 period

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