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Bob plans to buy a new car and will need to finance $30,000 in a loan. The terms of the loan are 48 months at

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Bob plans to buy a new car and will need to finance $30,000 in a loan. The terms of the loan are 48 months at a 6% annual interest rate. What is the monthly payment? Construct an amorization schedule to show the amount of each payment that will go to principal and interest. Be sure and test your spreadsheet to make sure everything recalculates correctly if you change any of the 3 loan inputs

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