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Loan Payment You borrow $ 4 5 , 0 0 0 for a new car. The loan is for 6 yrs ( 7 2 months

Loan Payment

You borrow $

45, 000

for a new car. The loan is for

6

yrs

(72

months

)

and charges a

5 %

APR. What is the monthly PMT for the loan?

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