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SUPPLEMENTAL PROBLEM 13 on purchase a red KGB Turbo automobile at a price of January...

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Accounting

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SUPPLEMENTAL PROBLEM 13 on purchase a red KGB Turbo automobile at a price of January 2 of this year, you remaining balance with a 12%, five-year s20,000. You pay S3.045 wn and finance the make do and agree to installment car loan. You sign a note for the loan balance loan payments at the end of each of the next 60 months, Required: a. Your present of annuity in arrears table does not include the interest factor needed to calculate the monthly auto loan payment in the preceding problem. As result, that of annuity interest factor given the interest rate and number of payments in this problem. You can determine the correct interest factor if your calculator can raise a number to a power as shown in the expression (1+ i)". The calculations consist of these 4 steps: 1. Confirm the monthly car payment is $377.15 as stated in your Installment Loans Discovery Problem. Use an interest factor that includes five or more decimal places

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