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You Are Considering Purchasing a New Automobile That Will Cost

Question 29

Multiple Choice

You are considering purchasing a new automobile that will cost you $28,000.The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month) .Assuming you finance the entire $28,000 and finance through the dealer,your monthly payments will be closest to:


A) $1,454
B) $527
C) $467
D) $478

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