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After graduation, you use your signing bonus to purchase a new vehicle. You negotiate a final price of $39,535 and decide to finance $26,905. The
After graduation, you use your signing bonus to purchase a new vehicle. You negotiate a final price of $39,535 and decide to finance $26,905. The dealer offers you a loan with a 4.51% APR and an 5 year term paid monthly. How much of the principal do you pay off in your first monthly payment.
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