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Two years ago, you took out a $ 4 8 , 0 0 0 car loan to purchase a new vehicle. The loan was for
Two years ago, you took out a $ car loan to purchase a new vehicle. The loan was for years with a stated interest rate of APR monthly compounding and required monthly payments.What is the monthly payment associated with this car loan assuming the first payment was due one month after loan origination? Points
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