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Suppose Janetta would like to buy a $18,000 car. She has enough cash to pay for taxes and license fees, and she has $3,000 from
Suppose Janetta would like to buy a $18,000 car. She has enough cash to pay for taxes and license fees, and she has $3,000 from the sale of her previous car. She plans to take out a loan to cover the remaining costs. She is offered an APR of 7%. In your calculation, round r to 5 decimal places. Question 8 If Janetta takes a 3-year loan, what will her monthly payments be? In your calculation, do not round any values. Round your final answer to the nearest cent. EA
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