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gives details and answers A car costs $35,000. You pay 20% down payment and amortize the rest with equal quarterly payments over a 10-year period.

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A car costs $35,000. You pay 20% down payment and amortize the rest with equal quarterly payments over a 10-year period. You pay 4.8% interest compounded quarterly. A. What is your quarterly payment? (6 points) B. How much will you pay in total interest? (4 points)

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