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QUESTIONS You want to purchase a car that costs $49.710 and need to borrow the money to pay for it. The current interest rate is

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QUESTIONS You want to purchase a car that costs $49.710 and need to borrow the money to pay for it. The current interest rate is 4% APR. You are given the option to take a loan in which you do not have to pay anything during the first 5 months and has 52 payments afterwards. Compute the monthly payment of your loan and express your answer with two decimals

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