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7 . Mr . Jones is considering purchasing a used car for $ 2 5 , 0 0 0 . Mr . Jones has an

7 .

.

Jones is considering purchasing a used car for $

25, 000 .

.

Jones has an excellent credit rating, so the dealer offers to finance the car at

5 %

interest over a

4

year period. What is the monthly payment amount that Mr

.

Jones would be expected to pay?

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