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You take out a loan in the amount of $14,000 to buy a Kia Soul. The bank offers you a 3 year loan with an

You take out a loan in the amount of $14,000 to buy a Kia Soul. The bank offers you a 3 year loan with an APR of 2.9%.

a. Create an amortization table. Paste the first five or six lines in your Word document.

b. What is the total amount you end up paying (including principal and interest)? (Hint: You can just add the payment column.)

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