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Posted on Sep 07, 2024

You decide to finance your new car with a loan of $ 3 2 , 0 0 0 . The loan is to be repaid

You decide to finance your new car with a loan of $

32, 000 .

The loan is to be repaid over

48

months with monthly payments and monthly compounding. The loan has an annual rate of

7.6 % .

How much are your monthly payments?

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