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Gerritt wants to buy a car that costs $29,750. The interest rate on his loan is 5.57 percent compounded monthly and the loan is for

Gerritt wants to buy a car that costs $29,750. The interest rate on his loan is 5.57 percent compounded monthly and the loan is for 6 years. What are his monthly payments?

$511.38
$497.38
$470.79
$484.78
$487.03

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