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Wade Ellis buys a new car for $16,321.36 . He puts 10% down and obtains a simple interest amortized loan for the rest at 11.5%
Wade Ellis buys a new car for $16,321.36. He puts 10% down and obtains a simple interest amortized loan for the rest at 11.5% interest for four years. a. Prepare an amortization schedule for the first two months of the loan.
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