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You borrow $40,000 from BMO for a vehicle loan. The bank charges an interest rate of 15% per annum. The loan is to be paid
You borrow $40,000 from BMO for a vehicle loan. The bank charges an interest rate of 15% per annum. The loan is to be paid off in 7 years. What will be the monthly payments to the bank? Multiple Choice $6,000 $771.87 $448.25 $371.85
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