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The amount to be financed on a new car is $9,500. The terms are 9% for 2 years. What is the monthly payment? (a) State

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The amount to be financed on a new car is $9,500. The terms are 9% for 2 years. What is the monthly payment? (a) State the type. O future value O sinking fund O ordinary annuity O amortization O present value (b) Answer the question. (Round your answer to the nearest cent.) $

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