The price of a used car is $8,000. The dealer finance rate is 8.5% APR for four

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The price of a used car is $8,000. The dealer finance rate is 8.5% APR for four years with 10% down payment. The bank finance rate is 7.8% for three years with 20% down payment. Calculate the monthly down payment for each loan.

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Fundamentals of Thermodynamics

ISBN: 978-0471152323

6th edition

Authors: Richard E. Sonntag, Claus Borgnakke, Gordon J. Van Wylen

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Posted Date: Nov 21, 2022 02:07 AM

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The price of a used car is $8,000. The dealer finance rate is 8.5% APR for four

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Fundamentals of Thermodynamics

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