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Question 11 5 points Save Answer A bank will lend you $16,000 to buy a car. The loan requires monthly payments and will be fully

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Question 11 5 points Save Answer A bank will lend you $16,000 to buy a car. The loan requires monthly payments and will be fully amortized over 4 years or 48 months. The annual interest rate is 5%. What is the monthly loan payment? Round your answer to 2 decimal places. A Moving to another question will save this response. Question 11 of 16 > >>

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