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The CEO of your company wants to buy another Bugatti Veyron, but he will need to get a loan to buy it. The bank is
The CEO of your company wants to buy another Bugatti Veyron, but he will need to get a loan to buy it. The bank is willing to give him a 5-year loan at 6% interest, but they are requiring him to make a 10% down payment. The car costs $2,200,000. How much will the monthly payments be?
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