Thinking about trading cars

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Reference no: EM131597753

Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $20,000 to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a 7-year (84 equal monthly payments) car loan from the university's credit union at an APR of 6.1 percent compounded monthly? Jesse's monthly car loan payment will be exist.

Reference no: EM131597753

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