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Jonathon wishes to buy a used Chevy Mailibu for $ 1 2 , 5 0 0 . He only has $ 1 , 0 0

Jonathon wishes to buy a used Chevy Mailibu for $12,500. He only
has $1,000 for a down payment so the best deal he can get on a loan
is 9% for 48 months. What will his payments be? What is the total
interest over the life of the loan?

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