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Question 32 You borrow $14,000 from Walter White Motors today to buy a car. The nominal interest rate is 7.90%, compounded monthly. You make monthly

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Question 32 You borrow $14,000 from Walter White Motors today to buy a car. The nominal interest rate is 7.90%, compounded monthly. You make monthly payments over the next 5 years, starting 1 month from now (therefore ordinary annuity). Determined not to be scammed by Mr. White, you calculate your monthly payment as (round to the nearest dollar) $283 $1,118 $855 $455

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