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You wish to buy a $ 2 2 , 5 0 0 car. The dealer offers you a 4 - year loan with a 1
You wish to buy a $ car. The dealer offers you a year loan with a percent APR. What are the monthly payments? How would the payment differ if you paid interest only?
Note: Do not round intermediate calculations and round your final answers to decimal places.
Answer is complete but not entirely correct.
tableMonthly payment,$
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