Question: answer with computer please needed for school thank you in advance 8. A car loan can be taken for 4 years. At an interest rate

answer with computer please needed for school thank you in advance

8. A car loan can be taken for 4 years. At an interest rate of 8.4% per annum compounded monthly, the total cost of the car loan would be $34243.70. What is the cost of the car if you pay cash for it today rather than take out the loan ? 1

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