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Mathematics, 06.12.2020 06:10 brainy51

Dennis Lamenti wants to buy a new car that costs $15,543.77. He has two possible loans in mind. One loan is through the car dealer; it is a four-year add-on interest loan at 7 3 4 % and requires a down payment of $1,000. The second is through his bank; it is a four-year simple interest amortized loan at 7 3 4 % and requires a down payment of $1,000. (Round your answers to the nearest cent.)

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Dennis Lamenti wants to buy a new car that costs $15,543.77. He has two possible loans in mind. One...

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