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Ryyrel
Business Finance
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You are considering the purchase of a BMW, You will borrow the money from the BMW Financial Services and here are there terms: MSRP $80,000/ Term 24 months/ APR 7.5%/ Down payment $0/ $3599.97 Monthly payment. The amortized loan payments are a blend of interest and principal. What is the total amount of interest you would pay over life of loan? (ROUND TO NEAREST DOLLAR)
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