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Question 11 (0.2 points) Your bank offers you a 48-month, 3% APR car loan for a $60000 new Mercedes SLK300 Roadster. What will your monthly

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Question 11 (0.2 points) Your bank offers you a 48-month, 3% APR car loan for a $60000 new Mercedes SLK300 Roadster. What will your monthly payment be? Your Answer: Answer Hide hint for Question 11 Find the monthly interest rate, then solve for in the formula for the present Value of an annuity

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