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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 $ for car loan on January with an annual interest rate of per year. The balance on the loan is amortized over years with equal monthly payments at he end of each month. This means the unpaid balance on January should be $
a What are the monthly payments?
b How much interest was paid during the years of loan?
c what is the unpaidbalance on the loan on April
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