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A- Wilma wants to buy a car that costs $52,000. She has arranged to borrow the total purchase price of the car from her bank
A- Wilma wants to buy a car that costs $52,000. She has arranged to borrow the total purchase price of the car from her bank at 6 percent interest rate. The loan requires monthly payments for a period of five years. If the first payment is due in one month after purchasing the car, what will be the amount of Wilmas monthly payment on the loan?
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