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Finance Assignment | Professional Writing

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May 19th, 2020

You decide to buy a new vehicle, but you need to take a loan in order to cover some of the cost. You take a loan of $40,000 that you need to pay off over the next 35 years. If the APR on the loan is 4.2%, how much will you need to pay every month to cover the loan?

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literature review format APA

Round to the nearest whole dollar. (no commas) Monthly Payment: $ Using your calculated payment amount, how much money total would you have paid over that 35-year period? Round to the nearest whole dollar. (no commas) Total money withdrawn: $ How much would the bank that gave you the loan earn from interest? Round to the nearest whole dollar. (no commas) Interest: $

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