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I want to borrow $13,000 to buy a car. The bank offers me an annual interest rate of 5.00%, compounded monthly, for 3 years. How

I want to borrow $13,000 to buy a car. The bank offers me an annual interest rate of 5.00%, compounded monthly, for 3 years. How much will payment 3 be? $389.62 $361.11 $4,773.71 $785.65 None of the above

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