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You borrowed $36,000 at 10% APR to buy a car, and you have to make equal monthly payments for 60months, starting next month. What is
You borrowed $36,000 at 10% APR to buy a car, and you have to make equal monthly payments for 60months, starting next month. What is the fixed monthly payment you will have to make? Write out the amortization table for this loan for the first three months of the loan.
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