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You take out a 4 year car loan for $25,000 at 1.6% annual interest, compounded monthly. Which finance formula would you use to solve this
You take out a 4 year car loan for $25,000 at 1.6% annual interest, compounded monthly. Which finance formula would you use to solve this problem? Simple Interest Compound Interest Continuous Compound Interest Annuity with Payments In Annuity with Payments out
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