Investigate the effect of the interest rate on simple interest amortized auto loans by finding the monthly payment and the total interest for a four-year loan of $11,000 at the following. (Round all answers to the nearest cent.) (a) 9.0% Payment $ Total interest $ (b) 9.25% Payment $ Total interest $ (c) 9.5% Payment $ Total interest $ (d) 10.5% Payment $ Total interest $

Investigate the effect of the interest rate on simple interest amortized auto loans by finding the monthly payment and the total interest for a four-year loan of $11,000 at the following. (Round all answers to the nearest cent.) (a) 9.0% Payment $ Total interest $ (b) 9.25% Payment $ Total interest $ (c) 9.5% Payment $ Total interest $ (d) 10.5% Payment $ Total interest $

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

(a) 9.0%

Payment	$
Total interest	$

(b) 9.25%

Payment	$
Total interest	$

Payment	$
Total interest	$

(d) 10.5%

Payment	$
Total interest	$

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