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Suppose you would like to buy a car that costs $18500. You have $1400 for a down payment, and you will finance the rest with
Suppose you would like to buy a car that costs $18500. You have $1400 for a down payment, and you will finance the rest with a 4 year loan at 6.7% compounded monthly. Round all answers to the nearest cent. Find the monthly payment for the car. Find the total cost of the car. How much do you spend on interest? $
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