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Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of $15,000 at 92% interest if the term is the following. (Round your answers to the nearest cent.) Watch it (a) three years payment total interest S (b) four years payment $ total interest $ (c) five years payment total interest

Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of $15,000 at 92% interest if the term is the following. (Round your answers to the nearest cent.) Watch it (a) three years payment total interest S (b) four years payment $ total interest $ (c) five years payment total interest

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of $15,000 at 92 interest if the term is the following. (Round your answers to the nearest cent.) Watch t (a) three years payment total interest s (b) four years payment total interest $ $ (c) five years payment $ total interest $
Transcribed Image Text:Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of $15,000 at 92 interest if the term is the following. (Round your answers to the nearest cent.) Watch t (a) three years payment total interest s (b) four years payment total interest $ $ (c) five years payment $ total interest $
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