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4. My son recently had his 5th car accident in the last year or so and needs a new car. He has $3,000 saved for

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4. My son recently had his 5th car accident in the last year or so and needs a new car. He has $3,000 saved for a down payment and can get a 3-year loan for 8% APR compounded monthly. If he buys a $10,000 car, then what will be his monthly car payment

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