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PLEASE EXPLAIN THE PROCESS AND ANSWER Question 2 You have borrowed a loan of $20,000 from Chase to buy a car. You have promised Chase

PLEASE EXPLAIN THE PROCESS AND ANSWER

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Question 2 You have borrowed a loan of $20,000 from Chase to buy a car. You have promised Chase to make mortgage style payments in each year. If you want to borrow this loan for 5 years and the interest rate is 0% (no interest) every year, what is the total payment in year one? Answer saved Points out of 1.00 Select one: O a. $4,500.00 P Flag question O b. $4,000.00 O c. $5,000.00 O d. no enough information O e. None of the above Clear my choice

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