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You have just agreed on the final price for your new car

Congratulations! You have just agreed on the final price for your new car and now you have to finance the purchase. The negotiated price of the new car is $18,500 and you will receive $5,500 for your trade-in. What will your monthly payment be on a 60-month loan with a 7% APR?

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Finance Basics: You have just agreed on the final price for your new car

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Prepared by a verified Expert

Finance Basics: You have just agreed on the final price for your new car

Reference No:- TGS02517035

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