Make monthly payments and to completely amortize loan

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Reference no: EM131548397

You are buying a car and have borrowed $21,000 at an annual interest rate of 8.3 percent. The terms of the loan require you to make monthly payments and to completely amortize the loan over four years. Assuming you make the payments as agreed what is the total amount of interest you will end up up paying over the four years?

Reference no: EM131548397

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