Russell buys a new car, by taking a loan out from the dealership. After all of the
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Russell buys a new car, by taking a loan out from the dealership. After all of the discussions are over, he finances (gets a loan for) \(\$ 23,660\). The annual interest rate that Russell will pay is \(4.76 \%\). He plans to pay this off over 5 years. How much will Russell's monthly payment be?
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