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5-39Loan PaymentsYou wish to buy a $25,000 car. The dealer offers you a 4-year loan with a 9 percent APR. What are the monthly payments?

5-39Loan PaymentsYou wish to buy a $25,000 car. The dealer offers you a 4-year loan with a 9 percent APR. What are the monthly payments? How would the payment differ if you paid it only? What would the consequences of such a decision be?(LG5-9)

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