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IgorLugansk [536]
2 years ago
7

3.

Mathematics
2 answers:
ElenaW [278]2 years ago
5 0

Answer:

c

Step-by-step explanation:

Allushta [10]2 years ago
5 0

Answer:

$20.95

Step-by-step explanation:

Credit rating is fair ⇒ Secured APR = 7.00%

<u>Loan amount</u> = sale price + tax - down payment

new car = 19072 + (19072 x 0.045) - 1200 = 18730.24

used car = 15635 + (15635 x 0.045) - 1200 = 15138.575

<u>Monthly interest</u> = loan amount x 0.07 x 1/12

new car = 18730.24 x 0.07 x 1/12 = 109.26

used car = 15138.575 x 0.07 x 1/12 = 88.31

Difference = 109.26 - 88.31 = $20.95

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