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You are interested in purchasing a new automobile that costs $31,000. The dealership offers you a special financing rate of 6% APR (0.5%) per month

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You are interested in purchasing a new automobile that costs $31,000. The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 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. $1,165 B. $728 C. $1,019 D. $582

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