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Find the total interest charges

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Reference no: EM132218478

Question: A person amortizes a loan of $17000 for a car with a 5 years loan at the rate of 6.5% compounded monthly.

(a) Find the montly payments. The payments are of $.

(b) Find the total interest charges. The interest is $.

(c) Find the principal remaining after 2 years. The principal remaining is of $.

Reference no: EM132218478

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