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Suppose you purchase a new car for $21,500. You make a down payment of $5000 (ie. you take a loan of $16,500), and then finance

Suppose you purchase a new car for $21,500. You make a down payment of $5000 (ie. you take a loan of $16,500), and then finance the balance over 36 months at APR of 6% with monthly compounding. What will be the size of the monthly car loan payment?

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