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A commercial bank will loan you $31,183 for 4 years to buy a car. The loan must be repaid in equal monthly payments at the
A commercial bank will loan you $31,183 for 4 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 14.64% of the unpaid balance. What is the amount of the monthly payments
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