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16 of 21 Ben requires a loan of $33,000 to buy a used sport utility vehicle. His bank offers financing at 7.3% compounded monthly,
16 of 21 Ben requires a loan of $33,000 to buy a used sport utility vehicle. His bank offers financing at 7.3% compounded monthly, for a term of 5 years, payable monthly. What is the total cost of this loan? $33,629.28 O $37,163.20 O $39,106.40 O $39,487.20
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