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Mathematics, 29.11.2020 01:00 19thomasar

Paul wants to purchase a car that costs $28,795. He has decided to make a 30% down payment. He has decided to take a 60-month loan at a 4.35% interest rate for the remaining balance of the car price. Build a
loan amortization schedule. What is the amount of interest paid on the car loan for the first 12 months?
approximately $803
approximately $736
approximately $8030
approximately $7360

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