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(Annuity payments) Prof. Finance is thinking about trading cars. She estimates she will still have to borrow $26,000 to pay for her new car. How large will Prof. Finance's monthly car loan payment be if she can get a 5-year (60 equal monthly payments) car loan from the VTech Credit Union at 8.5 percent APR? Use five decimal places for the monthly percentage rate in your calculations.
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(Annuity payments) Prof. Finance is thinking about trading cars. She estimates she will still have t...
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