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In order to buy a car, you borrow $22,500 from a friend at 10% year compounded monthly for 4 years. You plan to repay the

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In order to buy a car, you borrow $22,500 from a friend at 10% year compounded monthly for 4 years. You plan to repay the loan with 48 equal monthly payments. Part a Your answer is correct. How much are the monthly payments? \$ per month Round entry to two decimal places. The tolerance is \pm 1 . Click here to access the TVM Factor Table Calculator. eTextbook and Media Attempts: 1 of 3 used Partb How much interest is in the 23 rd payment? $ Round entry to two decimal ploces. The tolerance is \pm 10

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