1. Figure out the costs of buying the two cars listed below by filling in the blanks in the table. You can
pay a 10 percent down payment, and your credit history is good enough to get a five-year loan with an
interest rate of 5 percent. To determine the monthly payment and interest paid, use an online loan
calculator for example: https://www.amortization-calc.com/auto-car-loan-calculator/. Put in the
amount to borrow, 5 percent interest rate and 5 years. (24 points)
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