Determine total interest that would be paid in 36months

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Reference no: EM13243822

A $17,000 car is purchased for $3,200 down with the remainderto be financed ovr 36 months at 10%. Determine:
(a) Monthly payments
(b) Total interest (dollars) that would be paid in 36months
(c) Cash setlement that would be due when one yearremains
(d) Interest savings realized by paying off loan with one year remaining

Reference no: EM13243822

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