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You decide to buy a car for $15,000.00 and decide to make payments of $800 each month. If the loan is 2% compounded monthly, how
You decide to buy a car for $15,000.00 and decide to make payments of $800 each month. If the loan is 2% compounded monthly, how many full months of payments will it take to pay off the $15,000.00? What is the amount of the smaller concluding payment one month later? It will take months of full payments. The smaller concluding payment is $ . (Round to 2 decimal places.)
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