1. You will be financing your purchase of a new Cadillac. The vehicle cost $75,000.00. You will pay down $10,000.00 and finance the remainder for 4 years at 3.45%.
   1. What will your monthly payments be?
   2. What is the total amount of your payments over the life of the loan?
   3. How much interest will you pay over the life of the loan?
2. 

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P/Y N 1/Y PV PMT FV Problem # 2a 2b 2c