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You want to buy a car, and Capital City Bank will lend you & 25,000. The loan will be fully amortized over 4 1/2 years

You want to buy a car, and Capital City Bank will lend you & 25,000. The loan will be fully amortized over 4 1/2 years with an interest rate of 8% compounded monthly. Illustrate the first 4 monthly payments on an amortization schedule.

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