Thinking about trading cars

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Reference no: EM131962268

Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $29,000 to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a 5-year (60 equal monthly payments) car loan from the university's credit union at an APR of 6.2 percent compounded monthly?

Reference no: EM131962268

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