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I decide to buy a new car today for $10,000, that| must pay monthly for the next year. Assuming a 12% interest rate, how do

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I decide to buy a new car today for $10,000, that| must pay monthly for the next year. Assuming a 12% interest rate, how do I solve for my monthly payment? PMT (FV ann n= 12 I = 12%) = $10,00 PMT (PV ann n = 12 1 = 1%) = $10,000 PMT (PV ann n=1] = 12%) = $10,000 PMT (FV ann n = 12 1 = 1%) = $10,000

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