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- has decided to purchase a new Ford Mustang for $20,000. She plans to finance the entire purchase price by getti ban consisting of monthly

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- has decided to purchase a new Ford Mustang for $20,000. She plans to finance the entire purchase price by getti ban consisting of monthly car payments at 9% nominal annual interest compounded monthly. mine the monthly payment for Mary. ne the monthly payment if Mary can find financing at 6% annual interest rate. - has decided to purchase a new Ford Mustang for $20,000. She plans to finance the entire purchase price by getti ban consisting of monthly car payments at 9% nominal annual interest compounded monthly. mine the monthly payment for Mary. ne the monthly payment if Mary can find financing at 6% annual interest rate

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