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You have borrowed $20,000 from bank at a 6% annual interest rate for five years...

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Finance

You have borrowed $20,000 from bank at a 6% annual interest rate for five years to buy a car. How much is your monthly loan payments? How much of the second payments is interest.

a. $753.21 and $590.35 b. $823.22 and $388.54

c. $223.39 and $323.50 d. $386.66 and 98.57

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