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(1pt) You borrow $10,000 with an interest rate of 6% compounded monthly to purchase a car. You make equal monthly payments for 3 years, with

(1pt) You borrow $10,000 with an interest rate of 6% compounded monthly to purchase a

car. You make equal monthly payments for 3 years, with the first payment due at the end of

the first month. How much is each payment? What if the first payment is due today?

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