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The Third National Bank of Haslett has agreed to give you a 4 year loan to...

The Third National Bank of Haslett has agreed to give you a 4 year loan to buy a Dacia Sandero, priced at $11,000. The annual interest rate is 9%. If the bank requires you to make a 10% down payment on the car, how much will your monthly payments be if you make the purchase? Please show using excel

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Number of Years Annual Rate Periods per year Periodic Rate Number of Periods Car Price Downpayment (%) Loan 4 4 9% 12 0.75% 4

Number of Years Annual Rate Periods per year Periodic Rate Number of Periods Car Price Downpayment (%) Loan 4 4 0.09 12 C5/C6

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