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Beatrice bought a new car for $ 1 4 0 0 0 She received $ 4 0 0 0 as a trade - in on

Beatrice bought a new car for $

14000

She received $

4000

as a trade

-

in on her old car and took out a

6 -

year loan at

5.5 %

to pay the rest.

What are her monthly payments?

What is the total interest she will pay on the loan?

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