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Posted on May 19, 2024

To purchase a car, Sarah took out a 6 0 - month loan for $ 2 7 , 0 0 0 with a 6 .

To purchase a

car, Sarah took out a

60 -

month loan for

27, 000

with a

6.3 %

annual interest rate. After making

39

payments

,

Sarah received a bonus from work and plans to use it to pay off the remaining balance. Calculate

Sarah's monthly payment and the amount needed to pay off her loan.

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