George bought a new car with a 4.1% interest rate fro 5 years. The loan is...

George bought a new car with a 4.1% interest rate fro 5 years. The loan is for $35,000. What is the interest portion of the 48th payment?

Expert Solution

The calculation of interest payment is shown below

Following shows the working for interest calculation

jeff jeffy answered 2 years ago

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