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8. You are considering the purchase of a new car for $24500. You plan to make a down payment of $3500 and borrow the rest

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8. You are considering the purchase of a new car for $24500. You plan to make a down payment of $3500 and borrow the rest on a 5-year (60 month) loan at 4.5%. Based on this, what should you expect your monthly car payment to be

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