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Use your financial calculator to compute the monthly payments for a vehicle that costs $16700 if you financed the entire purchase over four years at
Use your financial calculator to compute the monthly payments for a vehicle that costs $16700 if you financed the entire purchase over four years at an annual interest rate of 7.75 percent. Also calculate the loan payments assuming rates of 6.75 percent and 8.75 percent. Compare the total amount spent on the vehicle under each assumption.
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