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Carrie is planning on purchasing a new car when she graduates for $30,000. She is going to finance $25,000 and put $5,000 down. Because she
Carrie is planning on purchasing a new car when she graduates for $30,000. She is going to finance $25,000 and put $5,000 down. Because she has little credit, her annual rate will be 12% and she will make 30 monthly payments. How much will her pmt be? What is the interest and principal she will pay on her first 2 payments?Please write down all the steps, thanks.
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