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Suppose you want to buy a new car that costs $32,600. You have no cash - only your old car, which is worth $3000 as

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Suppose you want to buy a new car that costs $32,600. You have no cash - only your old car, which is worth $3000 as a trade-in. The dealer says the interest rate is 5% add-on for 4 years. Find the monthly payment. The monthly payment is $ (Type an integer or decimal rounded to the nearest cent as needed.)

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