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Posted on Sep 29, 2024

You intend to buy a used car for $ 5 , 0 0 0 at 9 % interest to be paid in five years. Assume

You intend to buy a used car for $

5, 000

9 %

interest to be paid in five years. Assume you will make annual payments. What is the amount of your payment?

N I

/

PMT

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