(Answered) Questions -you wish to buy a 22000 car the dealer offers

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You wish to buy a $22,000 car. The dealer offers you a 5-year loan with a 9 percent APR. What are the monthly payments?

How would the payment differ if you paid interest only?

Compute the present value of an $1,850 payment made in 8 years when the discount rate is 10 percent.

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