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To the nearest dollar, calculate how many more dollars the payment would be if you financed a vehicle loan for three years instead of five,
To the nearest dollar, calculate how many more dollars the payment would be if you financed a vehicle loan for three years instead of five, given the following assumptions: (vehicle sale price = $16,500, sale tax % = 5.75%, down payment = $1500, loan APR compounded monthly = 6.75%).
Question 4 options:
A)$177
B)$163
C)$201
D)$189
E)$151
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