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You wish to buy a $24,000 car. The dealer offers you a 4-year loan with a 10 percent APR. What are the monthly payments?(Do not

You wish to buy a $24,000 car. The dealer offers you a 4-year loan with a 10 percent APR. What are the monthly payments?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Payment

$per month

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

Payment

$per month

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