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Tom is going to buy a new Toyota Mercury for $23800. The dealership will offer a loan for the total value of the car at 2.25% APR for 4 years.

Use Web Loan Calculator to answer. Round all answers to the nearest penny.

How much will Tom have to pay per month for 4 years?

1 answer

I went through a very similar question for you in your previous post.

Using a "Web Loan Calculator" and being asked to put the answer in a webpage input box will not allow you to learn how to do this type of problem.
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