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You are buying a car for $10,000. You put $1,000 of your own money down in cash and borrow the remainder of the purchase price
You are buying a car for $10,000. You put $1,000 of your own money down in cash and borrow the remainder of the purchase price in a loan with the following terms:
6% annual percentage rate
1-year loan
Monthly payments
Loan payment (PMT) calculationStep by Step Solution
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