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You have found a car you would like to purchase. The car costs $20,000 and you have $6,000 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 $6,000 to pay as a down payment. Your bank will loan you the balance at 8% for 5 years. How much is your monthly loan payment? Select one: O a. $332.35 O b. $269.31 c. $328.66 O d. $283.37 e. $270.66

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