Question: please show work. no excel 7. Maria has decided to purchase a new Ford Mustang for $44,000. She plans to finance the entire purchase price

please show work. no excel

7. Maria has decided to purchase a new Ford Mustang for $44,000. She plans to finance the entire purchase price by getting a 3-year loan consisting of monthly car payments at 9% nominal annual interest compounded monthly. a. Determine the monthly payment for Maria. b. Determine the monthly payment if Maria was financing at 12% annual interest rate

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