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economics Aerotron Electronics has just bought a used delivery truck for 15,000. The small business paid 1,000 down and financed the rest, with the agreement

economics
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Aerotron Electronics has just bought a used delivery truck for 15,000. The small business paid 1,000 down and financed the rest, with the agreement to pay nothing for the entire first year and then to pay 566.83 at the end of each month over years 2, 3, and 4 (first payment is in 13th month). What nominal interest rate is Aerotron paying on the loan? % What effective interest rate are they paying? % Round your answer to 4 decimal places for a and b. The tolerance is +/- 0.0005. How much of the 14th month's payment is interest? How much is principal? payment interest = and principal = How much of the 18th month's payment is interest? How much is principal? payment interest = and principal = How much of the 22nd month's payment is interest? How much is principal? payment interest = and principal = Round your answers to the nearest whole dollar for c-e. The tolerance is +/- 5

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