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What will be billy bob monthly payment

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Billy Bob and family are planning on purchasing a vehicle for $3800 using a 4 year (48 months) fixed-rate loan from their local credit union. The loan rate offered to Billy Bob is 5.64%. 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)?

Reference no: EM132382530

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