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Jennifer Kaufman bought a used Toyota Prius for $ 1 8 , 5 0 0 . She made a $ 3 , 5 0 0

Jennifer Kaufman bought a used Toyota Prius for $18,500. She made a $3,500 down payment and is financing the balance at a particular bank over a 3 year period at 12% interest. As her banker, calculate what equal monthly payments (in $) will be required by Jennifer to amortize the car loan. (Round your answer to the nearest cent.)

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