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Gerritt wants to buy a car that costs $28,500. The interest rate on his loan is 5.47 percent compounded monthly and the loan is for

Gerritt wants to buy a car that costs $28,500. The interest rate on his loan is 5.47 percent compounded monthly and the loan is for 6 years. What are his monthly payments? $488.49 $465.23 $463.12 $474.97 $449.72

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