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Guy dePrimo buys a new care for $9,837.91. He puts 10% down and obtains a simple interest amortized loan for the rest at 8 7/8%
Guy dePrimo buys a new care for $9,837.91. He puts 10% down and obtains a simple interest amortized loan for the rest at 8 7/8% interest for four years. (Round to the nearst cent)
(a) find his monthly payment
(b) find the total interest
(c) prepare an amortization schedule for the first two months of the loan
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