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30. loan with an APR of 6.27 percent compounded monthly for 7 years with the first monthly payment You have decided to buy a car

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30. loan with an APR of 6.27 percent compounded monthly for 7 years with the first monthly payment You have decided to buy a car that costs $31000. Since you do not have a big down payment the ender offers you due today What is the amount of your loan payment

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