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Michelle bought a new car for $27,000. She paid a 10% down payment and financed the remaining balance for 48 months with an APR of
Michelle bought a new car for $27,000. She paid a 10% down payment and financed the remaining balance for 48 months with an APR of 4.5%. Determine the monthly payment that Michelle pays. Round your answer to the nearest cent, if necessary.
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