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You obtain a $44,000 car loan from JCT Auto Finance for a period of four years. There must be 60 equal monthly payments made to

You obtain a $44,000 car loan from JCT Auto Finance for a period of four years. There must be 60 equal monthly payments made to repay the debt. The loan has a 9 percent yearly interest rate. What is the cost each month?

Note: The solution must be displayed on an Excel sheet using Excel functions such as =PV(...) and =FV(...) etc.

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