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When an Auto Loan's Terms Are 8% Per Year Interest,seven

Question 25

Multiple Choice

When an auto loan's terms are 8% per year interest,seven years in length,and a purchase price of $20,000,what value should be entered in the Nper field?


A) 7
B) 7*12
C) .08/12
D) 20,000

Correct Answer:

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