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Nona purchased a new car earlier today for $23,000. She financed the entire amount with a six-year loan that has a 6 percent interest rate
Nona purchased a new car earlier today for $23,000. She financed the entire amount with a six-year loan that has a 6 percent interest rate (compounded monthly).
Compute the monthly payments for the loan. Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value. $
How much will Nona owe on the loan after she makes payments for 3 years (i.e., after 36 payments)? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value. $
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