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Jim is considering buying a car that costs $20,000 that can be financed for 5 years at 6% interest with no down payment. How much

  1. Jim is considering buying a car that costs $20,000 that can be financed for 5 years at 6% interest with no down payment. How much will Jims payment be per month?
  2. Laken intends to invest $1,200 a year for the next 10 years. If she wants to accumulate $25,000 what percentage return will she need to earn on her investments?

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