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Question 17 - The Shelby Cobra retails for $24,891 (all taxes included).What are the monthly loan payments for the car if you make a down
Question 17 -
The Shelby Cobra retails for $24,891 (all taxes included).What are the monthly loan payments for the car if you make a down payment of $4,771, the term is 6 years and the APR is 9.5%? (Car loan payments are made at the end of each month.)
What is the amount of the monthly payment?
(Put a number to the nearest cent.)
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