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you bought a car at the price of $ 33000 with a down payment of $ 5000. The remainder amount is borrowed from a local
you bought a car at the price of $ 33000 with a down payment of $ 5000. The remainder amount is borrowed from a local bank and the bank changes yoi interest at 5% apr compounded monthly. For this car loan, you are required to pay back monthly equal payment at the end of each month for the next 7 years. calculate tje monthly payment and total interest to be paid over 7 years?
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