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01-11-2022
Business

Answered

INTERACTIVE: Auto Loan Calculator
Auto loans are amortized installment loans, so once the terms of your loan are set, your payments
should stay the same month after month. Assume you are taking a $20,000 car loan, for a term of
48 months, with an interest rate of 4%. Use this calculator to answer the following questions.
1. What is your estimated monthly payment?

Answer :

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