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QUESTION
A $16,000 car loan lease used to purchase a new car the loan is for 5 years and has a 6.2% APR. Use the amortization formula to determine the amount of the monthly payments.
A $16,000 car loan lease used to purchase a new car the loan is for 5 years and has a 6.2% APR. Use the amortization formula to determine the amount of the monthly payments.
