How would the payment differ if you paid interest only

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Reference no: EM131055078

You wish to buy a $26,500 car. The dealer offers you a 4-year loan with a 10 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Payment $ per month How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

payment $ per month

Reference no: EM131055078

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