You agree to finance your new SUV with an auto loan of $38,000. This loan will be
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You agree to finance your new SUV with an auto loan of $38,000. This loan will be repaid over three years with monthly payments (and compounding) at a 4% annual interest rate (0.33% per month). What will your monthly loan payment be?
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FV PV 1in FV 38000 ...View the full answer
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