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Business, 20.06.2020 20:57 Whitehouse9

Assume you are financing the purchase of a used car with a four-year loan. The loan has a 6% stated annual interest rate, compounded monthly. The price of the car is $8,000. What is the monthly car payment assuming that the payments start one month after the purchase?

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Assume you are financing the purchase of a used car with a four-year loan. The loan has a 6% stated...
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