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Wade Ellis buys a new car for $16,859.79. He puts 10% down and obtains a simple interest amortized loan for the rest at 11 1

Wade Ellis buys a new car for $16,859.79. He puts 10% down and obtains a simple interest amortized loan for the rest at 11 1 2 % 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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