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You wish to buy a $20,000 car. The dealer offers you a 6-year loan with a 7.2 percent APR. What are the monthly payments? (Do

You wish to buy a $20,000 car. The dealer offers you a 6-year loan with a 7.2 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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