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What is the amount of the final monthly payment

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Reference no: EM132900353

Stuart and Shelley just purchased a new $65,871.88 Nissan Titan Crew Cab SL at 8.99% compounded monthly for a seven-year term.

a) Calculate the principal and interest portions of the monthly payments in the first two years.

b) What is the amount of the final monthly payment?

c) Calculate the principal and interest portions of the payments in the last two years

Reference no: EM132900353

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