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You want to buy a car, and a local bank will lend you $15,000. The loan would be fully amortized over 6 years (72 months),
You want to buy a car, and a local bank will lend you $15,000. The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 2.4 percent, with interest paid monthly. What would be the monthly loan payment? Use financial calculator.
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