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Posted on Aug 12, 2024

You just bought a used car for $ 5 , 0 0 0 with no down payment using dealer financing at 6 % APR compounded

You just bought a used car for $

5, 000

with no down payment using dealer financing at

6 %

APR compounded

monthly

.

If you make monthly payments of $

300,

how many months will it take you to payoff the loan?

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