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Problem 11. (1 point) Nick has been depositing $ 140 in a savings account every three months for the past three years. This account paid
Problem 11. (1 point) Nick has been depositing $ 140 in a savings account every three months for the past three years. This account paid 8 % convertible quarterly. Nick has just made the last deposit. Nick is buying a car for $ 17000. He is taking out a car loan. He will use the accu- mulated value of his savings account as the downpayment on the car. The loan is at 2 % convertible quarterly and has a term of 6 years. Find the size of Nick's monthly car loan payment. Nick's monthly car payment = $ ? A A Answer(s) submitted
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