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Samir Purchased a Car for $40,000

Question 78

Multiple Choice

Samir purchased a car for $40,000. He made a down payment of $20,000 and paid $631.33 monthly
For 3 years. Find the APR from the table below. Samir purchased a car for $40,000. He made a down payment of $20,000 and paid $631.33 monthly For 3 years. Find the APR from the table below. A) 7.0% B) 7.5% C) 8.5% D) 8.0%


A) 7.0%
B) 7.5%
C) 8.5%
D) 8.0%

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