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FIN 360- A.You borrow $18,000 from bank to buy a new car.

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FIN 360- A.You borrow $18,000 from bank to buy a new car. A.You borrow $18,000 from bank to buy a new car. The bank will loan you at an annual interest rate of 12% for 50 months. How much will each monthly payment be? B.what is the loan balance after making the second payment?

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