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Assume you are taking an auto loan for $30,000 for a 60-month term. If the APR is 2.9%, what will be your monthly payments? 1)

Assume you are taking an auto loan for $30,000 for a 60-month term. If the APR is 2.9%, what will be your monthly payments?

1) Greater than $500

2) Less than $500

3) Equal to $500

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