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You have decided to buy a car that costs $32,200. Since you do not have a big down payment, the lender offers you a loan

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You have decided to buy a car that costs $32,200. Since you do not have a big down payment, the lender offers you a loan with an APR of 6,33 percent compounded monthly for 7 years with the first monthly payment due today. What is the amount of your loan payment? O $305.65 O $473.01 O $475 51 O $304.05 O $389.33

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