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So here is a problem needing compound interest and has to do with a car loan. You are going to buy a car for $10000.You
So here is a problem needing compound interest and has to do with a car loan.
You are going to buy a car for $10000.You will put down $1000 and finance the rest on a car loan at 3% interest, compounded Daily for 4 years.Figure out what your monthly car payment will be. Use "FIND A WHEN GIVEN P"
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