I purchased a new car on April 1 st for $ 2 4 , 0 0 0

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Question:

I purchased a new car on April

1

st for $

24, 000

and financed the entire amount at

12 % .

I will make

48

monthly payments, with the first payment due on May

1

.

How much interest will I pay with the

2

nd payment, which is due on June

1 ?

Posted Date: May 11, 2024 02:49 AM

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I purchased a new car on April 1 st for $ 2 4 , 0 0 0

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To calculate the interest paid with the 2nd payment due on June 1st we need to follow ... View the full answer

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