Pete buys a new car for $12000.He makes a down payment of $2000 and the dealer gives
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Question:
Pete buys a new car for $12000.He makes a down payment of $2000 and the dealer gives him an add-on loan, charging him an annual interest rate of 7.5%.If he takes out a 6-year loan, Pete's monthly payments be _____
(Round to the nearest cent.)
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