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A bank is quoting a car loan as 7.2% APR.This $20,000 loan is for 48 months and equal payments are made monthly.Calculate the amount of

A bank is quoting a car loan as 7.2% APR.This $20,000 loan is for 48 months and equal payments are made monthly.Calculate the amount of the monthly payment for this loan.

A.$416.67

B.None of the other responses are correct

C.$480.78

D.$600.98

E.$446.67

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