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A car dealer offers financing at 6% annual interest, compounded monthly, for 60 months. The monthly payment per $1,000 financed for this loan is most

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A car dealer offers financing at 6% annual interest, compounded monthly, for 60 months. The monthly payment per $1,000 financed for this loan is most nearly: $23.70 $19.30 $16.20 $14.30

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