How much will be your payment for each month

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Reference no: EM132068830

You agreed to pay BD15,000 for a car from a car dealer and the car dealer agreed to sell you with a loan for 5 years with annual interest rate of 4%. You pay end of each month for 5 years.

(a) How much will be your payment for each month?

(b) How much you end of paying after 5 years?

Reference no: EM132068830

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