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5 Your company is buying a car for business use. You would like a monthly payment of $280. The interest rate being offered is 5.9%

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5 Your company is buying a car for business use. You would like a monthly payment of $280. The interest rate being offered is 5.9% and the term is 60 months. What is the loan amount? If an additional $120 is added to the monthly payments, how long will it take to pay off the car

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