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To reduce her personal carbon footprint, Jean is buying a new Ford Escape hybrid. The price is $21,900. She will trade in her old Ford
To reduce her personal carbon footprint, Jean is buying a new Ford Escape hybrid. The price is $21,900. She will trade in her old Ford Contour for $2,300 and put in an additional $850. The rest is financed at 6% for 4 years making monthly payments. How much of her 20th payment will be for interest and how much for principal payment
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