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k ces Pat Radigan is planning to buy a Toyota hybrid for $18,999 with $2,000 down and plans to finance the car. Citizens' Financial
k ces Pat Radigan is planning to buy a Toyota hybrid for $18,999 with $2,000 down and plans to finance the car. Citizens' Financial Bank quoted a finance charge at 8% for 48 months; Charter One Bank quoted him a finance charge at 7.50% for 60 months. Required: a. What would be his monthly payment to Citizens' Financial Bank? Note: Do not round intermediate calculations. Round your answer to the nearest cent. Monthly payment b. What would be his monthly payment to Charter One Bank? Note: Do not round intermediate calculations. Round your answer to the nearest cent. Monthly payment c. How much more would his monthly payment be on the 48-month loan? Note: Do not round intermediate calculations. Round your answer to the nearest cent. More in monthly payment
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