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How much interest would you pay if you bought a car for $40,000 that was fully financed with a 6.0% auto loan that lasted 5
How much interest would you pay if you bought a car for $40,000 that was fully financed with a 6.0% auto loan that lasted 5 years (assuming that you make payments annually)?
Group of answer choices
$4,956
$5,540
$4,667
$7,479
$9,240
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