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Part 1 Bob bought a new car for $32,000 with a loan that will be amortized over 6 years. The best interest rate he got

Part 1

Bob bought a new car for

$32,000

with a loan that will be amortized over

6

years. The best interest rate he got from his bank for the loan was

2.49

percent compounded annually. What is Bob's monthly car payment?

Question content area bottom

Part 1

A.

$515.12

B.

$478.53

C.

$422.74

D.

$412.8

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