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Wesley has a 60 month automobile loan at 4.79% interest. The principal of the loan is $21,000. What is the loan payment? How much interest
- Wesley has a 60 month automobile loan at 4.79% interest. The principal of the loan is $21,000.
- What is the loan payment?
- How much interest will he pay over the life of the loan if he only makes minimum payments? Hint: calculate the loan payment at 0% interest too.
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