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You just received a $20,000 annual bonus at your job (Nice!). With this nice payday you have $12,000 after federal and California tax (yikes!). Instead
You just received a $20,000 annual bonus at your job (Nice!). With this nice payday you have $12,000 after federal and California tax (yikes!). Instead of saving this money, you are going to put $9,000 down on your dream car, a slightly used 2019 Jaguar F- type which is selling for $45,000 total, after-tax and all fees. You take out a loan to cover the car payment, which will be 72-months long, with a 5.5% APR. What is the monthly payment on your new ride? O (a) $423.15 O (b) $588.17 O (c) $608.59 O (d) $701.23
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