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QUESTION 22 * You bought a new car for $40,000 paying 10% down and financed the rest with a 36-month loan. What are the monthly
QUESTION 22 * You bought a new car for $40,000 paying 10% down and financed the rest with a 36-month loan. What are the monthly payments that will amortize the loan if you borrowed at an annual interest rate of 6%?
$1,112.40
$1,050.19
$1,095.19
$998.23.
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