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You are looking into getting a loan for the purchase of a car. The car in question has a sticker price of 35,000.00. The banks
You are looking into getting a loan for the purchase of a car. The car in question has a sticker price of 35,000.00. The banks are currently offering rates of 5.25% The time horizon on the loan is 6 years Interest is compounded on a monthly basis. What would be the Monthly Payment on the Loan?
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