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Annual Percentage Rate (APR) Mr. Winking is purchasing a car and needs to finance a $24,000 from the bank with an annual percentage rate

Annual Percentage Rate (APR) Mr. Winking is purchasing a car and needs to finance a $24,000 from the bank with an annual percentage rate (APR) of 4.8%. He is financing it over 5 years and making monthly payments. What is the monthly payment? Monthly Payment = $104.54 $378.21 P 72 -1 22

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