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Business, 30.03.2020 17:28 lamwil9432

A commercial bank will loan you $17,500 for two years to buy a car. The loan must be repaid in 24 equal monthly payments. The annual interest rate on the loan is 6% of the unpaid balance. What is the amount of the monthly payments?

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A commercial bank will loan you $17,500 for two years to buy a car. The loan must be repaid in 24 eq...
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