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You Are Purchasing a Car for $25000 and You Obtain

Question 34

Essay

You are purchasing a car for $25000 and you obtain financing as follows: $2500 down payment 12% interest semiannual payments over 5 years.
Instructions
Compute the payment you will make every 6 months.

Correct Answer:

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Use Table 4.
$25000 cost - $25...

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