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Reference no: EM131041615

Susie takes out a car loan for $6,140 for a term of 7 years at 12% interest compounded monthly.

(a) Find her monthly payment.

(b) Find the total amount she pays for the car.

(c) Find the total amount of interest she pays.

(d) Find the amount she still owes after 1 year.

(e) Find the amount she still owes after 2 years.

(f) Find the total interest she pays in year 2.

Reference no: EM131041615

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