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Mato bought a car for $51,000 by making a downpayment of $13,260 and monthly payments at the end of every month for 5 years. Interest

Mato bought a car for $51,000 by making a downpayment of $13,260 and monthly payments at the end of every month for 5 years. Interest is 3.88% compounded semiannually.

1. What are the monthly payments, rounded to the nearest cent? P/Y = PV = $ C/Y = N = PMT = $ I/Y = % FV = $ 2. What is the cost of financing?

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