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Suppose you got a 48 month car loan at 8.2 percent APR to purchase a new car without making a down payment. The loan agreement

Suppose you got a 48 month car loan at 8.2 percent APR to purchase a new car without making a down payment. The loan agreement requires you to make 48 equal monthly payments of $520. a. How much did you initially borrow to make your car purchase? b. Calculate the effective annual rate on the loan. c In whole dollars, what is the total amount of interest you will pay on this loan

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