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Tayah is considering buying a new car for which she will need to borrow $23,900.But first, as she learned is FI 3300, Tayah wants to
Tayah is considering buying a new car for which she will need to borrow $23,900.But first, as she learned is FI 3300, Tayah wants to know how much she will have to pay per month on the dealer ship loan. The loan that she is being offered has a 5 year term, requires monthly payments and has a interest rate of 4.4%p.a. What is the required monthly payment on this loan, assuming that the first payment will be made exactly one month from today?
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