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Autocrypto Loans Inc. loans you $24,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The annual

Autocrypto Loans Inc. loans you $24,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The annual interest rate on the loan is 4 percent. What is the monthly payment?

$500.92

$597.24

$563.82

$541.89

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