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Mr. Li plans to buy a car and applies to a finance company for a $150,000 car loan at 18% annual rate. The loan will

Mr. Li plans to buy a car and applies to a finance company for a $150,000 car loan at 18% annual rate. The loan will be repaid by monthly installment in 5 years. How much monthly repayment should he pay for the loan at the end of each month?

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