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Clare Fran Is Buying a New Chevy Volt for $39,000

Question 117

Multiple Choice

Clare Fran is buying a new Chevy Volt for $39,000 with an interest charge of $4800. She sets up a loan, and repays it over 25 equal monthly payments for 25 months. What will be her monthly payment?


A) $1,560
B) $1,684
C) $1,864
D) $192
E) $1,752

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