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Wade Ellis buys a new car for $ 1 6 , 8 8 2 . 1 4 . He puts 1 0 % down and
Wade Ellis buys a new car for $ He puts down and obtains a simple interest amortized loan for the rest at interest for four years. Round your answers to the nearest cent.
a Find his monthly payment.
b Find the total interest.
$
c Prepare an amortization schedule for the first two months of the loan.
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