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4. You take out a 5 year car loan for $20,000. The loan has a 5% annual interest rate. The payments are made monthly. What
4. You take out a 5 year car loan for $20,000. The loan has a 5% annual interest rate. The payments are made monthly. What are the monthly payments? Show your work.
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
