You want to buy a $28,000 car. The dealer offers you a 4-year loan with an 4
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Question:
"You want to buy a $28,000 car. The dealer offers you a 4-year loan with an 4 percent APR and no down payment required. Assuming monthly compounding, what will the monthly payments be?"
"$1,321.06
"$583.33
$538.88
Not possible to compute with the data provided
$632.21
Expert Answer:
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