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Posted on Jul 16, 2024

prrow $5,630 to buy a car. The loan requires monthly payments for 7 years, and rest rate is 8 percent annually with monthly compounding. What

prrow $5,630 to buy a car. The loan requires monthly payments for 7 years, and rest rate is 8 percent annually with monthly compounding. What is the amount of yment? Assume the first payment is due in one month

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