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You have decided to buy a car that costs $29,000. Since you do not have a big down payment, the lender offers you a loan
You have decided to buy a car that costs $29,000. Since you do not have a big down payment, the lender offers you a loan with an APR of 6.17 percent compounded monthly for 5 years with the first monthly payment due today. What is the amount of your loan payment?
rev: 05_09_2018_QC_CS-126790
$560.07
$486.95
$562.95
$413.84
$411.72
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