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You are considering the purchase of a BMW M5. You will borrow the money from BMW Financial Services. The terms of the deal are outlined
You are considering the purchase of a BMW M5. You will borrow the money from BMW Financial Services. The terms of the deal are outlined below. BMW M5 RWD, 500hp, 0-100 in 4.7s PRICE = $80,000 Term = 36 months i = 4.0% Down Payment = $0 Monthly Payments (end-of-month) = $2,361.92 How much interest does the borrower pay over the term of the loan? In other words, how much of the blended loan payments is interest? a$5,029.08 b$3,401.17 c$3,200.00 d$5,561.92 e$5,763.09
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