You are considering the purchase of a new car for $24,522. You plan to make a...

 

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You are considering the purchase of a new car for $24,522. You plan to make a down payment of $3,800 and borrow the rest on a 4-year loan at 6.2%. Based on this, what should you expect your monthly car payment to be? Be sure to write your answer down without a dollar sign (positive value) and round to the nearest cent. You are considering the purchase of a new car for $24,522. You plan to make a down payment of $3,800 and borrow the rest on a 4-year loan at 6.2%. Based on this, what should you expect your monthly car payment to be? Be sure to write your answer down without a dollar sign (positive value) and round to the nearest cent.

Answer rating: 100% (QA)

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