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Posted on May 19, 2024

You purchase a used sports utility vehicle costing $ 3 0 , 0 0 0 by taking out a 6 % add - on installment

You purchase a used sports utility vehicle costing $

30, 000

by taking out a

6 %

add

-

on installment loan. The loan requires a

10 %

down payment and equal monthly payments for

5

years. How much are your monthly payments?

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