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Suppose that you decide to borrow 16 000 for a new car You can select one of the following loans each requiring regular monthly payments

Suppose that you decide to borrow 16 000 for a new car You can select one of the following loans each requiring regular monthly payments Installment Loan A three year loan at 6 3 Installment Loan B five year loan at 6 4 Use PMT C 1 1 n nt to complete parts a through c below

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