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problem: You are considering purchasing a new, $15,000 car, & you have $2,000 to put toward a down payment. If you can negotiate a nominal yearly interest rate of 10 percent and finance the car over 60 months, find out your monthly car payments?

[A] $276.21

[B] $285.78

[C] $216.67

[D] $252.34

[E] $318.71

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921205

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