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You would like to buy a new vehicle immediately. The cost of vehicle is about $ 21,000. The bank quotes an interest rate of 15%

You would like to buy a new vehicle immediately. The cost of vehicle is about $ 21,000. The bank quotes an interest rate of 15% APR for a 72-month loan with a 10% down payment. What is the effective rate on the loan? What will your monthly payment be?

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