You are taking out a car loan and will make payments of 398, Ask an Expert

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You are taking out a car loan and will make payments of $398 each month (beginning one month from today), for a total of 60 monthly payments.

If the interest rate on the loan is 0.91% (the effective monthly rate on this loan), how much are you borrowing to buy the car?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92860921

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