Question: Tracee purchased a car for $ 3 8 , 7 0 0 ; she paid 2 5 % of the cost as a down payment

Tracee purchased a car for $38,700; she paid 25% of the cost as a down payment and financed
the balance amount at 3.8% compounded quarterly for 7.5 years.
a) What is the size of payment made at the end of every three months to settle the loan? $
 Tracee purchased a car for $38,700; she paid 25% of the

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