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Posted on Jul 15, 2024

If you borrow $28,000 to buy a car and agree to repay the loan in 3 years with monthly payment at an annual interest rate

If you borrow $28,000 to buy a car and agree to repay the loan in 3 years with monthly payment at an annual interest rate of 3%, what would be your monthly payment if you make the first payment on the loan today?

$537.72

$812.24

$540.46

$815.07

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