Assume you just bought a new car and now have a car loan to repay....
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Assume you just bought a new car and now have a car loan to repay. The amount of the principal is $22,000, the loan is at 6% APR, and the monthly payments are spread out over 6 years. What is the monthly loan payment? OA) $305.6 OB) $364.6 OC) $331.1 OD) $297.7
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