Question: Car payment example A fully electric car can be purchased for 200,000, or for a down payment, plus 5 equal end of year payments, with

Car payment example A fully electric car can be purchased for 200,000, or for a down payment, plus 5 equal end of year payments, with an interest rate of 10%. Determine the annual payment. If state law allows for tax deduction of even car payment interest (to encourage purchase of clean-energy cars), what is the deductible interest each year?

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