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Suppose that you borrow $10,000for three years at 8% toward the purchase of a car. Find the monthly payments and the total interest for the amortized loan The monthly payment is The total interest for the loan is

/in /by

Suppose that you borrow $10,000for

three years at 8% toward the purchase of a car. Find the monthly payments and the total interest for the amortized loan

The monthly payment is


The total interest for the loan is

 
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