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(Multiply price of car by 30%) Enter this number in Down payment. Step 3: Number of Months in Loan. Enter 60 months for Scenario 1 and 36 months for Scenario 2. Step 4: Interest Rate- Enter 7.5% rate for the 60 month Scenario and enter 6.25% for Scenario 2. Feel free to adjust these numbers if you would like but you must stay between 6 % and 8.75%. ................
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