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Suppose you take out a car loan of $10,000 for 3 years at an annual interest rate of 8 percent, with payments to be made

Suppose you take out a car loan of $10,000 for 3 years at an annual interest rate of 8 percent, with payments to be made monthly. The relevant formula is

image text in transcribed

a. $313.36.

b. $3,880.34.

c. $853.45.

d. $323.36.

Suppose you take out a car loan of $10,000 for 3 years at an annual interest rate of 8 percent, with payments to be made monthly. The relevant formula is

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