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# Thanks! You need $20,000 for an automobile purchase.

Please help me study for a test by helping with this question so I can review material. Thanks!

You need $20,000 for an automobile purchase. Your bank offers several options, including a 6 percent (APR) loan, with monthly payments over five years.

^ For this above information...

What should the calculator be set to (End Mode, BGN mode, or P/YR?) and what am I solving for? (net future value, present value, payment, or future value?)