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Joe wants to purchase a car. The loan amount will be $25,000. The bank is offering a 5 year loan at 7% APR (compounded monthly).
Joe wants to purchase a car. The loan amount will be $25,000. The bank is offering a 5 year loan at 7% APR (compounded monthly). Calculate the monthly payment. (Round to 2 decimals).
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Operations And Supply Chain Management
Authors: F. Robert Jacobs, Richard Chase
14th Edition
287
