Question: While buying a new car, Jamie made a down payment of $1,200 and agreed to make month-end payments of $310 for the next 4 years
While buying a new car, Jamie made a down payment of $1,200 and agreed to make month-end payments of $310 for the next 4 years and 9 months. She was charged an interest rate of 1% compounded semi-annually for the entire term.What was the price of the car?What is total amount of interest paid over the term
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