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You are borrowing $18,000 to buy a car. The terms of the loan call for monthly payments for 3 years at 7 percent interest.

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You are borrowing $18,000 to buy a car. The terms of the loan call for monthly payments for 3 years at 7 percent interest. What is the amount of each payment? $485.92 $425.32 $555.79 $543.53 $339.68

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