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How much interest do you pay each year on the car

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Reference no: EM132666380

1. You buy a car for $18,000 at 3.25% annual interest.

a. How much interest do you pay each year on the car?

b. If you plan on paying off the car over 5 years, how much will you pay total?

c. What will the monthly payments be?

Reference no: EM132666380

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