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Please show all work. (2.5 points) The price of a new car is $20,000. Assume an individual makes a down payment of 25% toward the

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Please show all work. (2.5 points) The price of a new car is $20,000. Assume an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 5% year compounded monthly. Round your 17. answers to the nearest cent. (a) What monthly payment will she be required to make if the car is financed over 60 months? (b) What will the interest charges be if she elects the 60-month plan

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