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Bobby decides to buy a BMW X5 that costs $53,000. He will finance the car with the car dealer, which requires equal payments. The financing

Bobby decides to buy a BMW X5 that costs $53,000. He will finance the car with the car dealer, which requires equal payments. The financing term is: 4.3% APR with monthly compounding for 5 years. What are the monthly payments that Bobby has to pay?

Monthly payments = $__________

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