What will lincolns monthly payment be on a four-year loan

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Reference no: EM131970375

Lincoln wants to buy a new Mercedes-Benz Jeep. He will need to borrow $20,000 to go with his down payment in order to afford this car.

If car loans are available at a 6 percent annual interest rate, what will Lincoln's monthly payment be on a four-year loan?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131970375

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