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c. Uniform series: You can only afford to pay $150 a month towards a car payment. What should be the amount you can finance (P),
c. Uniform series: You can only afford to pay $150 a month towards a car payment. What should be the amount you can finance (P), if the loan period is 4 years? Understand you are paying back your loan monthly NOT yearly. Assume the interest rate is 12% per year. Sketch the time line diagram with cash flow arrows. Write the expression (150(P/A, i, n)] Show calculation and show
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