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Penny is considering the purchase of a new car that sells for $31,299. Calculate her monthly payment (month-end) based on a five year car loan

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Penny is considering the purchase of a new car that sells for $31,299. Calculate her monthly payment (month-end) based on a five year car loan charging interest at 112 3.6%. Assume that she makes a down payment of $5,000 and finances the remainder. Express your answer using two decimals. A Your

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