Kim is shopping for a car. She will finance $11,000 through a lender. The table to the

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Kim is shopping for a car. She will finance $11,000 through a lender. The table to the right shows the monthly Term, t (in years) payments per thousand dollars borrowed at various APRs and terms Use the table to answer parts (a) through APR, r 4 5 6 7 8 (c) below. 0.05 $23 03 $18 87 $16 10 $14 13 $12 66 0.055 $23.26 $19.10 $16.34 $14.37 $12.90 0.06 $23 49 $19.33 $16.57 $14.61 $13.14 0.065 $23 71 $10 31 $14.85 $13.39 0.07 $23 95 519 /05 $15.09 $13.63 0:075 $24 18 $20.04 $17.29 $15.34 $13.88 (a) One lender offers Kim an APR of 6% for a 7-yr term. What would be the amount of Kim's monthly payment

Posted Date: Jun 22, 2024 08:08 AM

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Kim is shopping for a car. She will finance $11,000 through a lender. The table to the

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