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You are interested in buying a new car. The sticker price is $38,616.00 and you have $3,434.00 to put toward a down payment. If you
You are interested in buying a new car. The sticker price is $38,616.00 and you have $3,434.00 to put toward a down payment. If you can negotiate a nominal annual interest rate of 8.8% and you wish to pay for the car over a 4-year period, what are your monthly payments?
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