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You are buying a new car for $20,000. You put $2000 down and are financing the balance. You signed a contract for the loan for 4 years. Your loan has an interest rate of 8% interest (APR). You make monthly payments and the interest is compounded monthly. What is your monthly payment?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9499984

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