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Supposeyouborrow$25000tobuyanewcarwithyearlyinterestrateof5%.Youarerequiredtopaytheloanin60months.Howmuchisyourmonthlypayment?

Supposeyouborrow$25000tobuyanewcarwithyearlyinterestrateof5%.Youarerequiredtopaytheloanin60months.Howmuchisyourmonthlypayment?

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