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Use the following information to answer the following three questions. You need $20,000 for an automobile purchase. Your bank offers several options, including a 6

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Use the following information to answer the following three questions. You need $20,000 for an automobile purchase. Your bank offers several options, including a 6 percent (APR) loan, with monthly payments over five years, with the first payment due in 30 days. This problem requires solving for: Payment (in dollars) Net Future Value (in dollars) Future Value (in dollars) Present Value (in dollars)

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