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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