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Suppose that you borrow $16,000 for three years at 7% toward the purchase of a cor. Uso PMT- (1-6) to find the monthly payments and

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Suppose that you borrow $16,000 for three years at 7% toward the purchase of a cor. Uso PMT- (1-6) to find the monthly payments and the total interest - 1 for the loan. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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