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You want to purchase the Tesla Model S after you graduate. The Model S currently retails for $69,200. Assuming you dont have a down payment

You want to purchase the Tesla Model S after you graduate. The Model S currently retails for $69,200. Assuming you dont have a down payment and decide to finance the car for 5 years at 5.24% APR (monthly compounding). a. What will your monthly payment be? b. If you decide to only finance it for 4 years, how much will your monthly payment be?

Please show your work. Using Excel or a Financial calculator.

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