The monthly payment on a car loan at 12% interest per year on the unpaid balance is given by where P is the amount borro

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The monthly payment on a car loan at 12% interest per year on the unpaid balance is given by where P is the amount borro

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The monthly payment on a car loan at 12% interest per year onthe unpaid balance is given by where P is the amount borrowed and nis the number of months over which the loan is paid back. Find themonthly payment for each of the following loans. $8000 for 24months
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