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2) TVM equations, Example You want to buy a $50,000 car. You get a 60 month loan for the full amountat 8%APRcompounded monthly. Ifthe first

2) TVM equations, Example You want to buy a $50,000 car. You get a 60 month loan for the full amountat 8%APRcompounded monthly. Ifthe first payment is due immediately when you purchase the car, what amount is each monthly payment? n

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