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Suppose you decide to buy a car for $30,635, including taxes and license fees. You saved 9,000 for a down payment and can get a

Suppose you decide to buy a car for $30,635, including taxes and license fees. You saved 9,000 for a down payment and can get a four year car loan at 7.61%. Use PMT = P x r/n over 1-(1+r/n) to the -n(t) power.

Find the monthly payment

Find the total interest for the loan

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