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You borrow $ 1 4 , 0 0 0 . 0 0 to buy a car at 8 . 9 % compounded quarterly. You'll repay
You borrow $ to buy a car at compounded quarterly. You'll repay the loan in equal monthly payments over years. Payments are made at the end of each month.
How much interest will you pay over the term of your loan?
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