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Please answer completely, I keep getting different answers. Calculate the payments based on financing the balance using the interest rates that are 1 % ,
Please answer completely, I keep getting different answers.
Calculate the payments based on financing the balance using the interest rates that are and higher than the original rates which are all listed below.
AMOUNT TO BE FINANCED FOR VEHICLE$
PAYMENT FREQUENCYMONTHLY
Months
Months
Months
There should be caluculated answers for these
Calculate total interest paid. Answer the following questions.
Hint: Total int. paid monthly paymentnumber of paymentsAmount borrowed
How much total additional interest over the life of the loan will the person who finances the vehicle for months pay versus the person who finances the vehicle for months
How much total additional interest over the life of the month loan must a person pay who has weaker credit and is required to pay the rate versus a person who receives the lowest current interest rate?
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