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1. Mr. Roberts decides to purchase a car for $18,000. Mr. Roberts has an excellent credit rating, so the dealer offers to finance the car

1. Mr. Roberts decides to purchase a car for $18,000. Mr. Roberts has an excellent credit rating, so the dealer offers to finance the car at 5% interest over a 5 year period. What is the monthly payment amount that Mr. Roberts would be expected to pay?

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