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You wish to buy a $24,000 car. The dealer offers you a 4 -year loan with a 10.8 percent APR. What are the monthly payments?

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You wish to buy a $24,000 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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