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You are considering purchasing a new car priced at $ 3 1 , 1 1 0 . After making a $ 2 , 3 0
You are considering purchasing a new car priced at $ After making a $ down payment, you will need to finance the remaining amount through a bank loan. The bank offers a loan with a interest rate, compounded weekly, over a year term
marks If you take the loan, what is your weekly payment?
marks In your first payment, how much goes towards interest, and how much is applied against the principal of the loan?
marks How much interest will you pay over the year life of the loan?
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