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Chen is buying a $32,000.00 car. They will pay $1,600.00 down and then pay the remaining balance by making bi-weekly payments for the next 4
Chen is buying a $32,000.00 car. They will pay $1,600.00 down and then pay the remaining balance by making bi-weekly payments for the next 4 years (at the end of each period). The interest rate is 5.45% compounded weekly. How much are the bi-weekly payments?
a. K = $293.08.
b. K = $342.79.
c. K = $1,791.46.
d. K = $1,701.88.
e. K = $325.65.
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