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1) a) What is the monthly payment of a 48 month auto loan of .5 % per month if $40,000 is borrowed? b) What

1) a) What is the monthly payment of a 48 month auto loan of .5 % per month if $40,000 is borrowed? b) What is the monthly payment of a 72 month auto loan of .5 % per month if $40,000 is borrowed?

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