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You decide that you must have a new car immediately. The best loan terms you can get are 5 years, 6% APR with monthly payments
You decide that you must have a new car immediately. The best loan terms you can get are 5 years, 6% APR with monthly payments and compounding. If you buy a $25,000 car, how much more would your monthly payments be if you pay at the end of each month rather than the beginning?
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