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you are interested in purchasing a new Chevrolet camaro for $30,000. you are planning to finance the entire amount by getting a loan that you
you are interested in purchasing a new Chevrolet camaro for $30,000. you are planning to finance the entire amount by getting a loan that you will pay it monthly over the next five years. the interest rate is 12% per year compounded monthly. determine the effective interest rate per month and the monthly payment
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