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A $50,000 new car loan is taken out with the terms 3% APR for 48 months. How much are monthly payments on this loan? A.

A $50,000 new car loan is taken out with the terms 3% APR for 48 months. How much are monthly payments on this loan? A. $1,328.06 B. $1,217.39 C. $1,438.73 D. $1,106.72

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