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nformation Flag question For questions 14-16, consider the following scenario. You decide to finance a 518,500 car at 3% inte
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EMI = Pxrx (1+r)^n (1+r)^n - 1 Where, 18500 r= 3%/12*100 = 0.0025 n= 48 months OR 18500 x 0.0025 x 1.0025) 148 (1.0025) 48 -1

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