You just bought a car with 1 0 0 % financing. The sticker price of the car
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Question:
You just bought a car with financing. The sticker price of the car is $ The car loan APR is and it requires year equal monthly payments to pay off the loan, with the first payment to be month from now. What would be your monthly payment? hint: the loan amount is the sticker price, which is the PV of the car loan payments at the quoted APR. You do need to convert APR to monthly rate.round to $ amount
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