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Joye Tribbiani is shopping for a used car. He spotted a 2018 Nissan Altima at a used car dealership. The price of the car is
Joye Tribbiani is shopping for a used car. He spotted a 2018 Nissan Altima at a used car dealership. The price of the car is $15,000. The dealer agreed to finance the car with zero down payment. According to the loan agreement, Joye will need to make monthly payments at the end of each month over 5 years. The annual interest rate is 6%, compounded monthly. What will be Joye Tribbiani's monthly payment amount for the car loan?
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