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Suppose you borrowed $ 4 0 , 0 0 0 for car loan on January 1 , 2 0 2 4 with an annual interest

Suppose you borrowed $40,000 for car loan on January 1,2024 with an annual interest rate of 7% per year. The balance on the loan is amortized over 8 years with equal monthly payments at he end of each month. (This means the unpaid balance on January 1,2032 should be $0)
a) What are the monthly payments?
b) How much interest was paid during the 8 years of loan?
c) what is the unpaidbalance on the loan on April 1,2024?

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