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You are looking at financing a new car. One dealership is offering a financing package of an annual rate of 12% per year for 3-year
You are looking at financing a new car. One dealership is offering a financing package of an annual rate of 12% per year for 3-year financing (but interest due is compounded monthly). The car that you are considering will require you to finance $18,000 over 3 years. What would be your monthly payment?"
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