Assume you just bought a new car and now have a car loan to repay.The amount of the principal is $22,000,the loan is at 5.9% APR,and the monthly payments are spread out over 6 years.What is the loan payment? Use a calculator to determine your answer.
A) $305.56
B) $363.57
C) $331.14
D) $297.70
Correct Answer:
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