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Investigate the effect of the term on simple interest amortized auto loans by finding the monthly...

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Investigate the effect of the term on simple interest amortizedauto loans by finding the monthly payment and the total interestfor a loan of $17,000 at

9

7
8

%

interest if the term is the following. (Round your answers tothe nearest cent.)

(a) three years

payment    $
total interest    $


(b) four years

payment    $
total interest    $


(c) five years

payment    $
total interest    

$

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