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Lincoln wants to buy a new Jeep. He will need to borrow $20,000 to go with his down payment in order to afford this car.
Lincoln wants to buy a new Jeep. He will need to borrow $20,000 to go with his down payment in order to afford this car. If car loans are available at a 6 percent annual interest rate, what will Lincoln's monthly payment be on a four-year loan?
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