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4 - You are borrowing $5,590 to buy a car. The terms of the loan call for monthly payments for 4 years at a 5.00

4 - You are borrowing $5,590 to buy a car. The terms of the loan call for monthly payments for 4 years at a 5.00 percent interest compounded monthly. What is the amount of each payment?

rev: 10_26_2013_QC_37907

A) $105.44

B) $135.21

C) $104.89

D) $128.73

E) $132.86

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