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24 September, 18:21

Mike brought a new car and financed $25,000 to make the purchase. He financed the car for 60 months with an APR of 6.5%. Determine each of the following:

A. Mike's monthly payment

B. Total cost if Mike's car

C. Total interest Mike pays over the life of the loan

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Answers (2)
  1. 24 September, 21:48
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    C. Total interest Mike pays over the life of the loan
  2. 24 September, 21:50
    0
    Mike and I were friends. how did he buy a car without asking me and that worth 25000. while he used to 10 per day. it's unfair
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