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Assume that it is the start of the month, and that you buy a $24,000 car today. You pay $2,000 down for this car, and

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Assume that it is the start of the month, and that you buy a $24,000 car today. You pay $2,000 down for this car, and borrow the remainder at 6% APR. The loan arrangement requires you to pay the lender back in equal monthly installments over the coming 5 years, with the first payment due a month from today, What will be your monthly payments to your lender on this car? $425.32 O $372.18 $474.79 $435.23 $463.99

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