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(Steps Shown) Auto Loan An automobile loan of $8500 is to be amortized over 48 months at an interest rate of 13.2% compounded monthly. Find (a) the monthly

Question: Auto Loan An automobile loan of $8500 is to be amortized over 48 months at an interest rate of 13.2% compounded monthly. Find (a) the monthly payment and

(b) the finance charge.

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