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Calculate the monthly payment for a vehicle Question Nathon planned to borrow $ 3 8 , 3 0 0 at the annual interest rate of

Calculate the monthly payment for a vehicle

Question

Nathon planned to borrow $

38, 300

at the annual interest rate of

3.5 %

to buy a sedan to be paid with

4

year installments. How much will be the amount of his monthly payment?

Provide your answer below:

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