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Posted on May 25, 2024

6. Jade bought a car for $21,400 at an APR of 3.6%, compounded monthly, by agreeing to make monthly payments of $149.00 for 48 months.

6. Jade bought a car for $21,400 at an APR of 3.6%, compounded monthly, by agreeing to make monthly payments of $149.00 for 48 months. After 48 months, Jade plans to make a balloon payment. Usually,...

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