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Economics

A young couple is purchasing a new sport utility vehicle. The price of the new vehicle is $28,300, sales tax is 7.5%, title and registration will cost $105. The dealer is offering a special finance rate of 1.9% APR for 36 months (compounded monthly). The couple will pay $10,000 cash for a down payment. What will their monthly payments be?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91299466

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