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1. You are buying a previously owned car today at a price of $3,500. You are paying $300 down in cash and financing the balance

1. You are buying a previously owned car today at a price of $3,500. You are paying $300 down in cash and financing the balance for 36 months at 8.5 percent. What is the amount of each loan payment? (1 Point) $121.60 $10102 $118.47 $124.40 $112.23

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