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You are considering purchasing a new automobile that will cost you $30,000. The dealer offers you a monthly rate of 0.6% for 48 months (with

You are considering purchasing a new automobile that will cost you $30,000. The dealer offers you a monthly rate of 0.6% for 48 months (with payments made at the end of the month). Assuming you finance the entire $30,000 and finance through the dealer, your monthly payments will be closest to: Select one: a. $621 b. $721 c. $761 d. $651

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