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Charles buys a used car by paying GH1500 down and GH182.50 a month for 3 years. a. What was the cash price of the car,

Charles buys a used car by paying GH¢1500 down and GH¢182.50 a month for 3 years.

a. What was the cash price of the car, if the interest rate on the loan is j12 = 18%?

b. What was the total interest on the loan?

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