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Question 5 Not complete Suppose you want to borrow $25,000 for a new car. You can borrow at 6% per year, compounded monthly (6/12 =

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Question 5 Not complete Suppose you want to borrow $25,000 for a new car. You can borrow at 6% per year, compounded monthly (6/12 = 0.05% per month). If you take a 4 year loan, what is your monthly payment? Points out of 3 Flag question Answer: Check

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