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Question 12 4 pts Bill just financed a used car through his credit union. His loan of $14,572 has an interest rate of 5.00% and

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Question 12 4 pts Bill just financed a used car through his credit union. His loan of $14,572 has an interest rate of 5.00% and requires payments of $275 a month for 60 months. Assuming that all payments are paid on time, his last payment will pay off the loan in full. What type of loan does Bill have? Amortizing Pure discount Lump sum Interest-only

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