Question: FI St Question 13 (10 points) You are thinking about buying a car, and you have $3,000 saved for a down payment. The car dealer

 FI St Question 13 (10 points) You are thinking about buying

FI St Question 13 (10 points) You are thinking about buying a car, and you have $3,000 saved for a down payment. The car dealer is offering 4% loans if you put down 10%. 2 a. What is the most you can borrow, to obtain this 4% term? b. What will your monthly payment be on a 5 year loan? c. How much principal will you still owe after 2 years

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