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Harpreet is going to buy her first car for $17 500. She will make a down payment $3500 and finance the rest at 9% compounded
Harpreet is going to buy her first car for $17 500. She will make a down payment $3500 and finance the rest at 9% compounded monthly. She will make regular monthly payments for four years. She estimates that her car will depreciate in value at a rate of 18% per year. Provide a complete analysis of this situation by determining the amount of her monthly payments, the total interest that she will be paying, and the value of her car when she has completed her payments. Include graphs, charts, and tables with your analysis.
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