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You have decided to buy a car that costs $24,200 Since you do not have a big down payment, the lender offers youa loan with

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You have decided to buy a car that costs $24,200 Since you do not have a big down payment, the lender offers youa loan with an APR of 5.93 percent compounded monthly for 5 years with the first monthly payment due today What is the amount of your loan payment? O $345 77 O $347 48 $406 12 $46707 $464 77

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