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Assume that you have taken out an amortized loan for $10,000 to buy a new car. The Assume that you have taken out an amortized

Assume that you have taken out an amortized loan for $10,000 to buy a new car. The

Assume that you have taken out an amortized loan for $10,000 to buy a new car. The yearly interest rate is 18% and you have agreed to pay off the loan in 4 years. What is your monthly payment?

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