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QUESTION
You want to purchase a new car. You are offered a loan for $16,000 with an annual interest rate of 6% and a 36-month repayment period. Estimate how much your monthly payment would be for this loan.
You want to purchase a new car. You are offered a loan for $16,000 with an annual interest rate of 6% and a 36-month repayment period. Estimate how much your monthly payment would be for this loan.
