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4. You want to buy a car for $25,000, and the finance office at the dealership has quoted a rate of 6 percent APR for

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4. You want to buy a car for $25,000, and the finance office at the dealership has quoted a rate of 6 percent APR for 60 months. What will your monthly payments be? 5. If you enter into the transaction described in question 4, how much interest will you pay over the life of the loan

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