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Hazel is thinking of buying a $27,700 car by making a down payment of 8% of the purchase price, taking out a loan at an

Hazel is thinking of buying a $27,700 car by making a down payment of 8% of the purchase price, taking out a loan at an interest rate of 5.76%, compounded monthly, and making monthly payments for the next 5 years. She wants to know how much she will pay in total.The amount by answering the five parts below:


Part I: What will be the amount of Hazel's down payment?

Part I: What will be the amount of Hazel's down payment?

Part II: How much will Hazel have left to pay after making the down payment?

Part III: What is the periodic interest rate of the loan Hazel is thinking of taking out?

Part IV: What will be Hazel's monthly payment?

Part V: How much will Hazel pay in total?

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