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Calculate the following costs for purchasing an automobile of the given loan amount.
Calculating the Monthly Payment
Amount of Loan
Number of Years
APR
Monthly Payment
Total Cost of Car
Total Interest Paid
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Unformatted text preview: $10,500 3 7% $10,500 5 7% $23,000 4 8% $23,000 5 8% $27,500 3 7.50% $27,500 5 7.50% $31,330 3 9% $31,330 4 9% $43,000 5 5% $43,000 6 5% $56,000 4 3.10% $56,000 5 3.10%...
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This note was uploaded on 01/24/2012 for the course HUM 9999 taught by Professor Variousprofessorslisted during the Summer '06 term at Abilene Christian University.
- Summer '06
- VariousProfessorsListed
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