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Wade Ellis buys a new car for $16,113.82. He puts 10% down and obtains a simple...

Wade Ellis buys a new car for $16,113.82. He puts 10% down and obtains a simple interest amortized loan for the rest at 11 1/2% interest for four years. (Round all answers to the nearest cent.) (a) Find his monthly payment. (b) Find the total interest. (c) Prepare an amortization schedule for the first two months of the loan.

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