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I didn't want the answer by excel 2. You want to buy a new car which costs $25000. The dealer offers you a pay plan,

I didn't want the answer by excel

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2. You want to buy a new car which costs $25000. The dealer offers you a pay plan, which includes monthly payments with an interest rate of 8.1 % per annum compounded monthly. You can make an initial payment of only $2000 and can afford monthly payments of at most $359. How long will you need to pay off the loan? (20 points)

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