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Walter is Andres friend and is impressed by the new car. As such Walter thinks its a good time for a new car as well.
Walter is Andres friend and is impressed by the new car. As such Walter thinks its a good time for a new car as well. Since Walter has not been saving money, he plans to take out a loan to pay for the car. He is able to finance (c) $43,550 with a 5-year loan. The loan has an APR of 3.25% compounded monthly. Round answers to two decimal places.
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