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Planning on purchasing a vehicle

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Billy Bob and family are planning on purchasing a vehicle for $44600 using a 4 year (48 months) fixed-rate loan from their local credit union. The loan rate offered to Billy Bob is 6.29%. Billy Bob will not make a down payment and finance the total cost. What will be Billy Bob's monthly payment (i.e. how much will his payment be each month for the next 48 months)? (Answer in $s to the nearest penny, format xxx.xx with no $ sign needed.)

Reference no: EM132382532

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