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What is the monthly payment for the buick

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Reference no: EM133007114

Problem 1: You purchase a new Buick for $30,000. You put down 20% when you purchase the car. If your loan is for four years, and your interest rate is 3%, what is the monthly payment for the Buick?

Problem 2: You purchase a home in Los Angeles for $1,000,000. Your interest rate is 4% and you put down 25% of the purchase price. How much is your monthly payment if you have a 15 year loan?

Reference no: EM133007114

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