A $48,000 new car loan is taken out with the terms 9% APR for 48 months. How
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Question:
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.
Expert Answer:
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