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11. You buy a new Chevy Volt plug-in hybrid automobile, and finance it with a $25,000 car loan. The loan is to be paid off
11. You buy a new Chevy Volt plug-in hybrid automobile, and finance it with a $25,000 car loan. The loan is to be paid off over 6 years and is offered at 4.25%. You will need to make 72 identical car payments. Without using a mortgage chart, can you figure out your monthly car payment?
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