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Mr. Doe de Tal Perencejo paid an early $ 2000 for the purchase of a car Then he paid S200 per month for 36 months
Mr. Doe de Tal Perencejo paid an early $ 2000 for the purchase of a car Then he paid S200 per month for 36 months at an interest of 12% per year compounded monthly to pay the rest of the cost of the car
a. What Was it the original cost of the car?
b. What proportion of the payments are interest charges?
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