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You buy a car today for $60,400 making a $10,000 down payment and borrowing the balance from your bank with a 84 month fully amortized
You buy a car today for $60,400 making a $10,000 down payment and borrowing the balance from your bank with a 84 month fully amortized loan. The loan has a 5.7% 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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