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In this question, give all answers to two decimal places. Bryan decides to purchase a new car with a price of 1 4 0 0
In this question, give all answers to two decimal places. Bryan decides to purchase a new car with a price of but cannot afford the full amount. The car dealership offers two options to finance a loan. La Finance option A year loan at a nominal annual interest rate of compounded quarterly. No deposit required and repayments are made each quarter. Find the repayment made each quarter. Find the total amount paid for the car. Find the interest paid on the loan. Finance option B A year loan a a nominal annual interest rate of r compounded monthly. Terms of the loan require a deposit and monthly repayments of Find the amount to be borrowed for this option. Fotorama interest rater
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