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Megan takes out a car loan for $ 1 3 , 0 0 0 . She intends to make monthly payments for 5 years to

Megan takes out a car loan for $

13, 000 .

She intends to make monthly payments for

5

years to pay off her loan. If the bank charges her an annual interest rate of

4.2 %

computed monthly on the loan balance, how much will her monthly payments be

?

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