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F G 1 Problem 1 2 You are planning to puchase a new Volkswagen Jetta...

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Accounting

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F G 1 Problem 1 2 You are planning to puchase a new Volkswagen Jetta that on average sells for $20,000. 3 You can secure 4% annual interest rate if you decide to finance the purchase. You're 4 planning to borrow money for 48 months, repaying in equal monthly payments 5 at the beginning of each month 7. (a) List inputs and calculate your monthly payment? (3 pts) (b) what is the formula 9 enter inputs in cell B13? (7 pts) 10 price $20,000 11 interest 12 term $944

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