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You wish to buy a $ 2 4 , 5 0 0 car. The dealer offers you a 6 - year loan with a 7

You wish to buy a $24,500 car. The dealer offers you a 6-year loan with a 7.2 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 2 decimal places.Answer is complete but not entirely correct.Monthly paymentInterest only payment$420.0924.000.00

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