manuel8227 manuel8227

07-06-2023
Mathematics

contestada

Chau plans to purchase a new sports car. The dealer requires a 5% down payment on the $41,000 vehicle. Chau will finance the rest of the cost with a fixed-rate amortized auto loan at 7.5% annual interest with monthly payments over years. Find the required down payment. (b) Find the amount of the auto loan. (c) Find the monthly payment.

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