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12.4 Sheila bought a new automobile that cost $30,000. She made a down payment of $2500 at the time of purchase and financed the balance

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12.4 Sheila bought a new automobile that cost $30,000. She made a down payment of $2500 at the time of purchase and financed the balance for 24 months at 6% nominal annual interest compounded monthly. Estimate Sheila's monthly payment. (A) $1146 (B) $1218 (C) $1329 (D) $1378

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