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John plans to borrow 24,000 to buy a car. The loan will involve monthly payments over five years, at an interest rate of 12% per

John plans to borrow 24,000 to buy a car. The loan will involve monthly payments over five years, at an interest rate of 12% per year (1% per month). What will be the amount of each payment?

$294
$457
$534
$600
$2883

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