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Ivan Romanchuk is getting a car loan for $28,400 with a term of 5 years at a rate of 4.60%, His monthly payments will be

Ivan Romanchuk is getting a car loan for $28,400 with a term of 5 years at a rate of 4.60%, His monthly payments will be closest to:

A. $540.61.

B. $1,400.68.

C. $530.75.

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