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You decide to buy a car. specifically you order a tesle model x for $92,700. you finance the entire purchase at 3.84 percent apr compounded
You decide to buy a car. specifically you order a tesle model x for $92,700. you finance the entire purchase at 3.84 percent apr compounded monthly. If you take out a 3 year loan, how much are your monthly payments? If instead of a 3 year loan you look out a five year loan, what would be your balance after four years (immediately after your 48th payment)?
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