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What will be the total amount to be repaid

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Question - Barb is buying a new car for $13,500. Her old car has a trade-in Value of $2500. The dealer informs her that the financing charge is 7% add-on interest. She wishes to take 2 years to pay off the car. Answer the following.

How much is her down payment?

How much does she need to finance?

How much interest will she pay?

What will her monthly payment be?

What will be the total amount to be repaid?

Reference no: EM132515135

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