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2 January, 07:07

Karl is buying a truck for $8,000 with a down payment of $2,500. The bank approved a simple interest flat rate loan for 4 years at 9% APR. How much are the monthly loan payments? (round to the nearest cent)

A) $127.50

B) $155.83

C) $170.00

D) $184.17

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Answers (1)
  1. 2 January, 08:25
    0
    The answer is B.
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