The terms of the loan, Joshua would like to purchase a car

The terms of the loan

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Joshua would like to purchase a car with a cost of $22,000. He is able to finance the entire cost of the car with a loan. The terms of the loan are 60 monthly payments at an interest rate of 5.9% per year, compounded monthly. How much will his monthly payment be?

Reference no: EM131246155

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The terms of the loan : Joshua would like to purchase a car with a cost of $22,000. He is able to finance the entire cost of the car with a loan. The terms of the loan are 60 monthly payments at an interest rate of 5.9% per year, compounded monthly. How much will his monthl..

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