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Suppose you are given the following information: Loan Term: 5 years APR: 3.5% Tahoe MSRP: 72,000 Down payment: 34,000 Part A: Calculate the monthly payment

Suppose you are given the following information:

Loan Term: 5 years

APR: 3.5%

Tahoe MSRP: 72,000

Down payment: 34,000

Part A: Calculate the monthly payment on this new vehicle.

Part B: Calcualte the total dollars paid to the bank and total interest paid on the loan.

Part C: Suppose the borrower can pay an extra $300 per month starting with the first payment, how many months will it take her to pay off the loan?

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