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Mathematics, 25.05.2020 09:58 ale414141
Melanie wants to purchase a car that costs $43,150. She has decided to make a 20% down payment. Her bank offers her a 48-month loan at a 5.25% interest rate. Build a loan amortization schedule. What is the amount of interest paid on the car loan for the first 12 months?
approximately $162
approximately $194
approximately $1941
approximately $1622
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