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( F 6 ) You want to jump on the electric car trend and purchase a Tesla Model S , $ 6 9 , 4

(

6)

You want to jump on the electric car trend and purchase a Tesla Model S

,

69, 420

according to

motortrend.com. In order to do so

,

you decide to borrow $

15, 000

via a

5

year loan at

3.2 %

compounded monthly. Determine the monthly payments you must make to pay off this loan.

(

Round up to the nearest dollar.

)

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