Determine amount of payment and amount of the loan, Mathematics

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Determine amount of payment and amount of the loan

The car cost $30,000. Buyer made the down payment of $6000. Balance will be paid off in 48 monthly payments. Interest rate is 9% per year compounded monthly. Determine amount of every payment and amount of the loan which will be still owed after one year.

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Mathematics: Determine amount of payment and amount of the loan

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