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5.56 pts Your brother will borrow $17,800 to buy a car. The terms of the loan call for monthly payments for 6 years at
5.56 pts Your brother will borrow $17,800 to buy a car. The terms of the loan call for monthly payments for 6 years at an 8.6 percent annual interest rate, compounded monthly. What is the amount of each payment? O $287.71 O $296.67 O $366.05 O $317.33
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
