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plz explain with calculation steps in details [7 points] Jeff buys a car for $27,000 with a $5,000 down payment today and a series of

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plz explain with calculation steps in details

[7 points] Jeff buys a car for $27,000 with a $5,000 down payment today and a series of pay- ments at the end of each month for the next 24 months. Assuming interest is 5% compounded monthly, what is his monthly payment? (A) $873.50 (B) $965.17 (C) $1,184.52 (D) None of the above

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