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You are interested in purchasing a new automobile that costs $45,000. The dealership offers you a special financing rate of 6% per year for 60
You are interested in purchasing a new automobile that costs $45,000. The dealership offers you a special financing rate of 6% per year for 60 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to:
A) $729
B) $822
C) $870
D) $647
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