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May 30, 2015

Homework Help: Math

Posted by Ronald on Friday, June 14, 2013 at 4:45am.

The amount to be financed on a new car is $9,500. The terms are 11% for 4 years. What is the monthly payment?
(a) State the type.
future value
ordinary annuity
present value
amortization
sinking fund

(b) Answer the question. (Round your answer to the nearest cent.)
$

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