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Gerritt wants to buy a car that costs $31,000. The interest rate on his loan is 5.67 percent compounded monthly and the loan is for

Gerritt wants to buy a car that costs $31,000. The interest rate on his loan is 5.67 percent compounded monthly and the loan is for 5 years. What are his monthly payments?

$594.57

$574.75

$607.78

$591.78

$624.30

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