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Partial Question 2 1.67/2 pts Suppose you decide to postpone your purchase of the $24,000 car for one year to save up more money to
Partial Question 2 1.67/2 pts Suppose you decide to postpone your purchase of the $24,000 car for one year to save up more money to add to your $4,000 down payment. You decide to save $400 per month for exactly one year. Round/take all answers to the nearest cent. E.3.32.57,23.00 Including the $4,000 you originally had and the money you saved up over the year, calculate your new down payment. $ 8800.00 Now you will finance the rest of the price of the car with a 5 year loan at 4.5% APR. Calculate the loan principal $ 15200.00 Calculate the monthly payment. $ 283.37 Calculate the total/sum of payments for the loan. $ 17002.00 Calculate the total amount of interest paid over the term of the loan $ 1802.20 Altogether, including the down payment, what was the total cost of this car after financing the purchase? $ 25802.20 Answer 1: 8800.00 Answer 2: 15200.00 Answer 3: 283.37 Answer 4: 17002.00 Answer 5: 1802.20
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