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A student purchases a used car that costs $10,000. They make a $2,000 down payment and finance the rest of the car cost with a

A student purchases a used car that costs $10,000. They make a $2,000 down payment and finance the rest of the car cost with a 3 year loan that has monthly payment of SR at the end of each month. The loan interest rate is jiz = 3.0%. Determine R.

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