In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. The amount to be financed
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In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
The amount to be financed on a new car is \(\$ 9,500\). The terms are \(7 \%\) for 4 years. What is the monthly payment?
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