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Suppose a car cost 32000 and you are allowed to make a down payment of 20%, but have to borrow the remaining 80%. If you are allowed 5 years to pay back the loan, how much will you pay back monthly?
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What interest rate is your lender charging you?
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Suppose a car cost 32000 and you are allowed to make a down payment of 20%, but have to borrow the remaining 80%. If you are
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