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Suppose that you borrow $12,000 for four years at 7% toward the purchase of a car. Use PMT to find the monthly payments and the

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Suppose that you borrow $12,000 for four years at 7% toward the purchase of a car. Use PMT to find the monthly payments and the local interest for the loan - --(-) The monthly payment is (Do not round until the final answer. Then round to the nearest cont as needed.) The total interest for the loan is 5 (Use the answer from part(a) to find this answer. Round to the nearest cont as needed.)

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