In order to buy a car, you borrow $22,500 from a friend at 14 %/year...
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In order to buy a car, you borrow $22,500 from a friend at 14 %/year compounded monthly for 4 years. You plan to repay the loan with 48 equal monthly payments. Part a Your answer is correct. How much are the monthly payments?$ Round entry to two decimal places. The tolerance is 1. Click here to access the TVM Factor Table Calculator. eTextbook and Media Part b * Your answer is incorrect. 615 per month How much interest is in the 23rd payment? $ 7010 Attempts: 3 of 3 used
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