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Jane is buying a new sports car for $ 8 6 , 0 0 0 . The dealer is providing financing at an annual rate

Jane is buying a new sports car for $

86, 000 .

The dealer is providing financing at an annual rate of

8 %

using

the add

-

on method. If Jane wants to pay off the car in

3

years, what will her monthly payment be

?

Her monthly payments are $

(

Round to the nearest cent.

)

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