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Posted on Jul 31, 2024

You wish to buy a $ 2 6 , 5 0 0 car. The dealer offers you a 4 - year loan with a 1

You wish to buy a $

26, 500

car. The dealer offers you a

4 -

year loan with a

10.8

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.

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