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Further suppose that after you have your first job, you would like to buy your dream car - Toyota RAV4 -- that you were always
Further suppose that after you have your first job, you would like to buy your dream car - Toyota RAV4 -- that you were always longing for. Since you do not have enough saving yet, you plan to take out an automobile loan of $34,152.86 for 60 months at an annual interest rate of 5.29 percent, with payments to be made monthly. What will your monthly payments be?
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