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QUESTION 3 Suppose that you can afford to make an installment payment of 5236 per month over the next 36 months to buy a car

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QUESTION 3 Suppose that you can afford to make an installment payment of 5236 per month over the next 36 months to buy a car and you can borrow at an interest rate of 1% per month (Installment payment is made at the end of each month) How much interest expense would you incur at the end of the the second month? (Round it to a whole numbers required

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