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Question
Suppose you take out a car loan of $10,000 for 3 years at an annual interest rate of 8 percent, with payments to be made monthly. What will be the approximate monthly payments? The relevant formula is:
a. $313.36.
b. $323.36.
c. $853.45.
d. $3,880.34.
Answer
This answer is hidden. It contains 1 characters.
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