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q7 "You want to buy a $10,100 car and the dealer offers you a 7-year...

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Accounting

q7

"You want to buy a $10,100 car and the dealer offers you a 7-year loan with an 2.15% APR and no down payment required - Assuming monthly compounding, what will the monthly payments be?"

$121.16
$129.62
$260.84
$120.24
$233.49
$122.82
$164.69

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