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Matthew Young wants to purchase a Maserati Quattroporte sedan, which has an invoice price of $121,737 and a total cost of $129,482. Matthew plans to

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Matthew Young wants to purchase a Maserati Quattroporte sedan, which has an invoice price of $121,737 and a total cost of $129,482. Matthew plans to put down $39,100 and will pay the rest by taking on a 5.61 percent five-year bank loan. What is the monthly payment on this auto loan? (Round factor values to 4 decimal places, e.g. 1.5212 and final answer to 2 decimal places, e.g. 15.25.) Monthly payment $

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