Question

Suppose that you borrow ​$13000 for four years at 8​% toward the purchase of a car....

Suppose that you borrow ​$13000 for four years at 8​% toward the purchase of a car. Use PMT
to find the monthly payments and the total interest for the loan.
The monthly payment is ​$
nothing.
​(Do not round until the final answer. Then round to the nearest cent as​ needed.)
The total interest for the loan is ​$
nothing.

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Answer #1

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