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You have just graduated and will need a new car to travel to work (public transit is not available for travel to Middle Musquodoboit). A suitable vehicle was found at the local car dealership and the cost is $40,000. If the car is to be financed at 6.996 percent over 8 years, what are the monthly payments for the new vehicle? Show your work! (4 marks) You have just graduated and will need a new car to travel to work (public transit is not available for travel to Middle Musquodoboit). A suitable vehicle was found at the local car dealership and the cost is $40,000. If the car is to be financed at 6.996 percent over 8 years, what are the monthly payments for the new vehicle? Show your work! (4 marks)
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