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Tackiea has just got a new job that requires her to own a car. She is negotiating a 7-year loan at 9.5% with her credit
Tackiea has just got a new job that requires her to own a car. She is negotiating a 7-year loan at 9.5% with her credit union. Based on her salary, she can afford monthly payments of $60,000. a. Compute the maximum loan she will be able to receive. b. Prepare the amortization schedule for the first 6 periods. c. Compute the total interest paid at the end of the 4th period
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