Determine the number of full payments

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A car is purchased for $8990. Determine the number of full payments needed and the size of the smaller concluding payment if the interset rate is 8.4% compounded monthey and: 

a) $200 is paid at the end of each month. 

b) $400 is paid at the end of each month. 

Please show the steps

Reference no: EM131721805

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