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You borrow $40,000 to purchase a car. The loan terms are 60 months (the payments occur at the end of each month) at 5.7% APR

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You borrow $40,000 to purchase a car. The loan terms are 60 months (the payments occur at the end of each month) at 5.7% APR (annual percentage rate). What is the constant payment you will have to make each month? A) $934.90 B) $689.90 C) $560.98 D) $767.74 E) $850.87

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