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(question 29) Assume you take out an $7,100 car loan that calls for 72 monthly payments of $150 each. a. Calculate the annual payment if
(question 29)
Assume you take out an $7,100 car loan that calls for 72 monthly payments of $150 each. a. Calculate the annual payment if the loan is repaid in four annual year-end installments. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment taStep by Step Solution
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