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Use your financial calculator to compute the monthly payment and the total amount spent for a vehicle that costs $19,300 if you finance the entire

Use your financial calculator to compute the monthly payment and the total amount spent for a vehicle that costs $19,300 if you finance the entire purchase over 5 years at an annual rate of 7.00 percent. Also calculate the payment if you finance the car for only four years. Finally, calculate the payment for three years. What do you notice about the payment under the different time assumptions?

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