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Sarah negotiated a price of $25,500.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 12%. Her credit
Sarah negotiated a price of $25,500.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 12%. Her credit union offered her a 7 -year amortized loan for the remaining amount at a rate of 2.15%. How much money will be paid in interest? What will the monthly payment be? How much will the car cost, in total? If she got a simple interest loan at the same interest rate and time, how much would she pay in interest
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