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You are considering buying a new car. You intend to borrow $13,000 to buy the car. If you can negotiate a nominal annual interest rate

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You are considering buying a new car. You intend to borrow $13,000 to buy the car. If you can negotiate a nominal annual interest rate of 12 percent and you pay the loan down to $0 in 4 years, what are your monthly car payments? a. 342.34 b. 289.18 c. 254.15 d. 229.49

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