You wish to buy a 20 500 car the dealer offers you a 5 -, Financial Management

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You wish to buy a 20 500 car the dealer offers you a 5 -

You wish to buy a $20, 500 car. The dealer offers you a 5 - year loan with a 9 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Financial Management: You wish to buy a 20 500 car the dealer offers you a 5 -

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Financial Management: You wish to buy a 20 500 car the dealer offers you a 5 -

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