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Shawnica bought a new car for $33,900. She made a down payment of $3000 and agreed to monthly payments $687.35 for 5 years. Find
Shawnica bought a new car for $33,900. She made a down payment of $3000 and agreed to monthly payments $687.35 for 5 years. Find the amount financed, the total installment cost, the total interest paid, and the annual percentage rate being charged on the loan. Assume all payments and interest are compounded monthly. Round all answers to two decimal places. The amount financed is $ The total installment cost is $ The total interest paid is $ The APR (annual percentage rate) is %.
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