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A $40,000 new car loan is taken out with the terms 12% APR for 48 months. How much are monthly payments on this loan? A.

A $40,000 new car loan is taken out with the terms 12% APR for 48 months. How much are monthly payments on this loan? A. $1,264,02 B. $1,158.69 C. $1.369.36 D. $1,053.35

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