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Suppose that you decide to borrow $14,000 for a new car. You can select one of the following lours, each requiring regular monthly payments Installment

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Suppose that you decide to borrow $14,000 for a new car. You can select one of the following lours, each requiring regular monthly payments Installment Loan A: three-year loan at 6.3% Installment Loan B: five-year loan at 5.2% P Use PMT n to complete parts (a) through (c) below. -ht a. Find the monthly payments and the total interest for Loan A. The monthly payment for Loan Ais $. (Do not round until the final answer. Then round to the nearest cent as needed.)

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