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10. You just took a 60-month, $24,000 loan to buy a car. The loan must be repaid in 60 equal monthly payments. The annual interest

10. You just took a 60-month, $24,000 loan to buy a car. The loan must be repaid in 60 equal monthly payments. The annual interest rate on the loan is 10%. What is the monthly payment? a. $509.93 b. $543.79 c. $563.82 d. $597.24 e. $602.38

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