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Finally, you have decided to buy a car. You are able to negotiate the price down to $12,000. You have no savings, so you need

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Finally, you have decided to buy a car. You are able to negotiate the price down to $12,000. You have no savings, so you need to borrow $12,000 in a 3-year loan from your bank (your banks offers lower rates than the auto-dealer) at a 2.5% APR (annual rate). Question: How much will you owe to the bank after 2 years? 4,100 O 3,688 4,156 3,759

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