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A $48,000 new car loan is taken out with the terms 9% APR for 48 months. How much are monthly payments on thisloan? A. $1,194.48

A $48,000 new car loan is taken out with the terms 9% APR for 48 months. How much are monthly payments on thisloan?

A.

$1,194.48

B.

$1,313.93

C.

$1,433.38

D.

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