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a Hunan bought a car priced at $16,000 for 15% down and equal monthly payments for five years. If interest is 7% compounded monthly, what

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a Hunan bought a car priced at $16,000 for 15% down and equal monthly payments for five years. If interest is 7% compounded monthly, what is the size of the monthly payment? The monthly payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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