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Suppose you take out a loan for $ 1 5 , 0 0 0 to buy a car to start driving Uber as a side

Suppose you take out a loan for $

15, 000

to buy a car to start driving Uber as a side hustle. Suppose the bank gives you a loan at

3.0 %

APR, compounded monthly. From your profits, you are able to pay $

4000

into the loan each year.

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