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Lisa plans to purchase a new work truck. The dealer requires a 2 0 % down payment on the $ 3 2 , 0 0
Lisa plans to purchase a new work truck. The dealer requires a down payment on the $ vehicle. Lisa will finance the rest of the cost with a fixedrate amortized auto loan at annual interest with monthly payments over years.
Complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary. If necessary, refer to the list of financial formulas.
a Find the required down payment.
$prod
b Find the amount of the auto loan.
$
c Find the monthly payment.
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