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Problem 2. (30 points) Mary purchases a new car at the price of $30,000. She makes a down payment of $3,000 and the rest
Posted: Fri Mar 04, 2022 10:13 am
by answerhappygod
- Problem 2 30 Points Mary Purchases A New Car At The Price Of 30 000 She Makes A Down Payment Of 3 000 And The Rest 1 (21.68 KiB) Viewed 62 times
Problem 2. (30 points) Mary purchases a new car at the price of $30,000. She makes a down payment of $3,000 and the rest is financed for 36 months at 3% interest compounded monthly i. Calculate interest rate per month compounded monthly Determine the monthly payment. If she has already made 18 payments, determine how much will it take to pay off the loan immediately after making the 18th payment. 11. * 111