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(Solved): You are about to purchase a new car, which will cost you 48000 after taxes and fees. You are plannin ...



You are about to purchase a new car, which will cost you 48000 after taxes and fees. You are planning to pay a 7000 down payment and then take out a five-year auto loan at an APR of 3.6%. You will make monthly payment for the next five years starting a month from today. How much is your loan payment each month?



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