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Q 16 You want to buy a $24,000 car. The dealer offers you a 4-year loan with an 7 percent APR and no down payment
Q 16
"You want to buy a $24,000 car. The dealer offers you a 4-year loan with an 7 percent APR and no down payment required. Assuming monthly compounding, what will the monthly payments be?"
"$1,747.94 " | ||
$500.00 | ||
$574.71 | ||
$434.71 | ||
Not possible to compute with the data provided |
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