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Suppose you want to buy a new car that costs $ 32,800. You have no cash only your old car, which is worth $ 2000

Suppose you want to buy a new car that costs $ 32,800. You have no cash only your old car, which is worth $ 2000 as a trade-in. The dealer says the interest rate is 3% add-on for 2 years. Find the monthly payment.

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