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You are considering buying a new car. The sticker price is $30,000 and you have $5,000 to put toward a down payment. If you can

You are considering buying a new car. The sticker price is $30,000 and you have $5,000 to put toward a down payment. If you can negotiate a flat interest rate of 6.5 % and you wish to pay for the car over a 3-year period, what are your monthly car payments? what is the equivalent annual percentage rate on this loan?

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