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Mike Borrowed $25,000 to finance his car purchase. He agreed to pay back the loan in 36 equal installments over the next three years (monthly

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Mike Borrowed $25,000 to finance his car purchase. He agreed to pay back the loan in 36 equal installments over the next three years (monthly payments) with the first payment scheduled for today, His interest rate is 3.6% APR. How much is his each monthly payment? $723.14 $733.66 $745.87 $731.47

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