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Gerritt wants to buy a car that costs $26,000. The interest rate on his loan is 5.27 percent compounded monthly and the loan is for

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Gerritt wants to buy a car that costs $26,000. The interest rate on his loan is 5.27 percent compounded monthly and the loan is for 7 years. What are his monthly payments? Multiple Choice $369.17 $389.33 $358.43 $378.12

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