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Question 5 This is an Annuity question. You have purchased a car for $42,400 and taken a loan that is to be repaid in 60

Question 5

This is an Annuity question. You have purchased a car for $42,400 and taken a loan that is to be repaid in 60 equal payments beginning next month. The interest rate charged is 0.51% monthly. What are your monthly payments?

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