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You wish to buy a $25,000 car. The dealer offers you a 4-year loan with a 9 percent APR. What are the monthly payments? (Do

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You wish to buy a $25,000 car. The dealer offers you a 4-year loan with a 9 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.) What would the consequences of such a decision be? You would have repaid the loan completely. You would owe $25,000 at the end of the 48 months. You would owe $9,999.84 at the end of the 48 months. You would have paid $30,434,88 at the end of the 48 months

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