Loan 1: Amortize a $35,000 car loan at 4.5% over 5 years. How much is the...

Loan 1: Amortize a $35,000 car loan at 4.5% over 5 years. How much is the monthly payment? How much will the borrower pay in total interest?

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Expert Solution

I HAVE CALCULATED MONTHLY PAYMENT USING EXCEL AND FORMULA, BOTH WAYS.

jeff jeffy answered 9 months ago

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