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write clearly please or use keyboard to write. While buying a new car, Jessica made a down payment of $800.00 and agreed to make month-end
write clearly please or use keyboard to write.
While buying a new car, Jessica made a down payment of $800.00 and agreed to make month-end payments of $270.00 for the next 3 years and 9 months. If he was charged an interest rate of 1.00% compounded quarterly for the entire term, answer the following, rounding to the nearest cent. a. What was the cost of the car when Jessica purchased it? Round to the nearest cent b. What was the total amount of interest paid over the term? Round to the nearest centStep by Step Solution
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