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3. Assume you are going to buy a new car with price of $18,000. You pay $3,000 down payment and borrow the rest for 4

3. Assume you are going to buy a new car with price of $18,000. You pay $3,000 down payment and borrow the rest for 4 years at interest rate 8%, with 48 equal installments. Compute your monthly payment

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