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Suresh buys a new car for $58000. He pays $2000 down and the rest in 48 monthly payments at the end of each month). The
Suresh buys a new car for $58000. He pays $2000 down and the rest in 48 monthly payments at the end of each month). The interest rate is 7% compounded 1 times per year. (All answers to 2 decimal places. But keep 5 decimal places for any intermediate calculations.) a) How much is each monthly payment? 1335.28124 b) If he rounds his monthly payment up to the nearest $10, so his last payment will be a drop payment, what is his last payment? C) If he rounds his monthly payment down to the nearest $10, so his last payment will be a balloon payment, what is his last payment
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