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Jesse needs a new car and has his heart set on a nice red one that he saw the other day. The problem is that
Jesse needs a new car and has his heart set on a nice red one that he saw the other day. The problem is that he doesn't have the $22,000 necessary to buy it outright. The dealership offers financing (a loan) at 1.5% compounded monthly if he makes monthly payments for four years. If Jesse takes the financing offer, what will his monthly payments be?
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