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A car manufacturer is offering the choice of a 0.8% loan compounded monthly for 24 months or $1800 cash back on the purchase of a

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A car manufacturer is offering the choice of a 0.8% loan compounded monthly for 24 months or $1800 cash back on the purchase of a 518,500 new car. Complete parts (a) through (c) below. (a) If a car buyer takes the 0.8% loan offer, how much will the monthly payment be? The car buyer's monthly payment will be su (Do not round until the final answer. Then round to the nearest cent as needed.)

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