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Derek borrows $40,816.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.12%. After
Derek borrows $40,816.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.12%. After a 11.00 months Derek decides to pay off his car loan. How much must he give the bank?
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