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You borrowed $10,000 to buy a new car. The loan was a 6 year loan at 6%. The monthly payment was $165.73 and in the
You borrowed $10,000 to buy a new car. The loan was a 6 year loan at 6%. The monthly payment was $165.73 and in the first 36 months you paid $1,413.91 in interest. After 3 years you decide to take a 4 year used car loan at 2.5%. How much will your monthly payment go down?
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