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You have taken out a loan of $ 3 2 , 0 0 0 to buy a new Saturn. The loan will be paid off

You have taken out a loan of $32,000 to buy a new Saturn. The loan will be paid off in monthly installments starting in one month over the next 4 years (48 payments). The interest rate on the loan is a stated rate of 8.25%. The bank doesn't tell you, but you inquire to find out that the rate is a stated rate compounded quarterly. The monthly loan payments are:
(A) $1,056.57
(B) $1,025.20
(C) $784.13
(D) $707.87
(E),$650.00
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