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Ms. Foo purchases an automobile using a bank loan. The amount borrowed is $44,000 and the terms of the loan call for the loan to

Ms. Foo purchases an automobile using a bank loan. The amount borrowed is $44,000 and the terms of the loan call for the loan to be repaid over seven years using equal monthly payments with an annual nominal interest rate of 11.5% and monthly compounding. What is Ms. Foos monthly payment?

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