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Problem 10: Mac and Charlie have trashed Sweet Dee's car once again. To purchase a new car, Dee gets a $6,000 loan that gets charged
Problem 10: Mac and Charlie have trashed Sweet Dee's car once again. To purchase a new car, Dee gets a $6,000 loan that gets charged interest at a rate of 9.1%/year (because she has terrible credit history) compounded weekly. She has to make weekly payments for 5 years to repay the loan. a. What is the amount of each of her weekly payments ? b. What is the total amount she will have paid by the end of the 5 years ? 10 c. What is the total amount of interest she will have paid by the end of the 5 years
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