Suppose that you can afford to make an installment payment of $236 per month over the next 36 months to buy a car and yo

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answerhappygod
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Suppose that you can afford to make an installment payment of $236 per month over the next 36 months to buy a car and yo

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Suppose that you can afford to make an installment payment of
$236 per month over the next 36 months to buy a car and you can
borrow at an interest rate of 1% per month. (Installment payment is
made at the end of each month.) How much interest expense would you
incur at the end of the the second month?
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