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Madison Purchased a New Car for $23,000

Question 5

Multiple Choice

Madison purchased a new car for $23,000. She was allowed $3,000 for her trade in and financed the remainder over 48 months at a rate of 4% per year. How much is her monthly payment?


A) $451.58
B) $519.32
C) $384.91
D) $459.15

Correct Answer:

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