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You are about to purchase a new car, which will cost you $52,000 after taxes and fees. You are planning to pay a $15,000 down payment and then take out a six-year auto loan at an APR of 4.0%. You will make a monthly payment for the next six years starting a month from today. How much is your loan payment each month?

• $455.54
• $576.95
• $813.55
• $454.03
• $578.87