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Buying a car for $7, 500, paying $900 down in cash, and financing the balance for 24 months at 6.5 percent, compounded monthly. What is

Buying a car for $7, 500, paying $900 down in cash, and financing the balance for 24 months at 6.5 percent, compounded monthly. What is the amount of each monthly loan payment? $318.64 $264.78 $302.02 $294.01 $245.09

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