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You buy a car today for $38,500 making a $10,000 down payment and borrowing the balance from your bank with a 84 month fully amortized

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You buy a car today for $38,500 making a $10,000 down payment and borrowing the balance from your bank with a 84 month fully amortized loan. The loan has a 6.2% annual percentage rate (APR). What is your monthly loan payment? What is your expected balance after five years (60 months)? Round your final answers to the nearest dollar

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