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The Shelby Cobra retails for $47,105 (all taxes included). What are the monthly loan payments for the car if you make a down payment of
The Shelby Cobra retails for $47,105 (all taxes included). What are the monthly loan payments for the car if you make a down payment of $4,303, the term is 2 years and the APR is 2.5%? (Car loan payments are made at the end of each month.) What is the amount of the monthly payment? $(Type a number to the nearest cent.)
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