Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $8000 for a down PA n payment and can get a four-year car loan at 6.67%. Use PMT= the total interest for the loan. The monthly payment is $ (Round to the nearest cent as needed.) to find the monthly payment and

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A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

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A: This is a compound interest problem. The correct option here is option (B) Solution provided below

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Q: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

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A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

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Q: If $600 is borrowed and the interest after 24 months is $120, what is the annual interest rate for a…

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