To purchase a car, Sarah took out a 60-month loan for $33,400 with a 6.6%...
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Finance
To purchase a car, Sarah took out a 60-month loan for $33,400 with a 6.6% annual interest rate. After making 40 payments, Sarah received a bonus from work and plans to use it to pay off the remaining balance. Calculate Sarah's monthly payment and the amount needed to pay off her loan.
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Part 1
Sarah's monthly payment is ?????
(Round to the nearest cent.)
The amount needed to pay off this loan with ????? payments remaining is ?????
(Round to the nearest cent.)
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