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15-03-2024
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Harper is considering the purchase of a $10,340 used car and is trying to decide between a 48-month and a 60-month car loan. If the loan is for $10,340 at 8%, what is the monthly payment for the 48-month loan?
a) $252.62
b) $315.78
c) $184.20
d) $230.15

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