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Gerritt wants to buy a car that costs $29,250. The interest rate on his loan is 5.53 percent compounded monthly and the loan is for

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Gerritt wants to buy a car that costs $29,250. The interest rate on his loan is 5.53 percent compounded monthly and the loan is for 6 years. What are his monthly payments? Multiple Choice $462.35 $502.21 $488.40 $476.10 $478.29

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