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Two car dealers each are offering a $7,000 loan. The first dealer offers an annual interest rate of 7.8% and the loan must be repaid

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Two car dealers each are offering a $7,000 loan. The first dealer offers an annual interest rate of 7.8% and the loan must be repaid in monthly payments over three years. The second dealer offers annual interest rate of 8.4%, with monthly payments and a loan term of four years. Find the monthly payment under each scenario. Find the total amount of interest paid under each scenario

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