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Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of

Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of $13,000 at 7 and 7/8%.


(a) three years

interest if the term is the following. (Round your answers to the nearest cent.)%

payment$
total interest$


(b) four years

payment$
total interest$


(c) five years

payment$
total interest$

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