Explain how much will kris''s payments be

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Kris burrows money in her senior year to buy a new car. the car dealership allows her to defer payments for 12 months, and kris makes 36 end of month payments thereafter. if the original amount of loan is for $24000 and interest is 1/2% per month on the unpaid balance, how much will Kris's payments be?

Reference no: EM1353614

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