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A car costing $ 55,000 is purchased with a 20% down payment and further monthly payments at the end of every month for 4 years.
A car costing $ 55,000 is purchased with a 20% down payment and further monthly payments at the end of every month for 4 years. The annual nominal interest rate is 3.99%. What is your monthly payment? Round your answer to the nearest cent..
a. $794.84
O b. $599.01
C. $993.28
d. $898.51
e. $761.89
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