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Purchase of car: You are purchasing a car that has a cost of $40,000. You tell the dealer that you have $10,000 in cash and
Purchase of car: You are purchasing a car that has a cost of $40,000. You tell the dealer that you have $10,000 in cash and would like to finance the rest. The car loan offered is for 30 months at 12% annual rate of interest. What is the amount of the equal monthly payment that would be required for the loan
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