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You have found a car you would like to purchase. The car costs $20,000 and you have $3,000 to pay as a down payment. Your

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You have found a car you would like to purchase. The car costs $20,000 and you have $3,000 to pay as a down payment. Your bank will loan you the balance at 6% for 6 years. How much is your monthly loan payment? Select one: a. $328.66 b. $386.66 c. $269.31 d. $281.74 e. $270.66

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