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1. Shanice takes out a loan of $15,000 to buy a car. Her loan is 6% interest, convertible monthly, for 5 years. How much is

1. Shanice takes out a loan of $15,000 to buy a car. Her loan is 6% interest, convertible monthly, for 5 years. How much is each monthly payment?

Do this both algebraically and using the TVM worksheet for practice.

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