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Lois took out a car loan of $50,000 with monthly payment at the end of each month for five years at 6% convertible monthly. At

Lois took out a car loan of $50,000 with monthly payment at the end of each month for five years at 6% convertible monthly. At the end of the third year, she renegotiated the interest to be 4% convertible monthly but there was no change in the timing of the loan. What is the new monthly payment ?

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