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You decide to finance a $ 1 3 , 0 0 0 car at 3 % compounded monthly for four years. Which steps would you

You decide to finance a $

13, 000

car at

3 %

compounded monthly for four years. Which steps would you take to find the total interest paid over the life of the loan?

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To find the total interest paid over the life of the loan you can use the formula for compound inter... blur-text-image

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