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Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $8000 for a down payment and can get
Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $8000 for a down payment and can get a three-year car loan at 5.68%. Use PMT = - to find the monthly payment and the total interest for the loan. The monthly payment is $ . (Round to the nearest cent as needed.) The total interest for the loan is $ 7. (Round to the nearest cent as needed.)
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