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A car loan for $19,500 has an interest rate of 4.25% and is amortized over 60 months. How long would it take to pay off

A car loan for $19,500 has an interest rate of 4.25% and is amortized over 60 months.

  1. How long would it take to pay off 80% of the loan?
    1. 45 months
    2. Just under 29 months
    3. About 46 months
    4. About 49 months

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