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31 January, 20:37

Blake is buying a car and needs to take out a loan for

$

17

,

000

$17,000. The bank is offering a monthly interest rate of 0.4%, for a 7 year loan. Using the formula below, determine his monthly payment, to the nearest dollar.

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Answers (1)
  1. 31 January, 22:51
    0
    The loan would be 210.47 but to the nearest dollar it would be $210
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