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    A $52,000 Loan Is Taken Out on a Boat with the Terms
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A $52,000 Loan Is Taken Out on a Boat with the Terms

Question 37

Question 37

Multiple Choice

A $52,000 loan is taken out on a boat with the terms 3% APR for 36 months. How much are the monthly payments on this loan?


A) $1663.45
B) $1814.67
C) $1965.89
D) $1512.22

Correct Answer:

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