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The Shelby Cobra retails for $57,581 (all taxes included). What are the monthly loan payments for the car if you make a down payment of
The Shelby Cobra retails for $57,581 (all taxes included). What are the monthly loan payments for the car if you make a down payment of $4,823, the term is 4 years and the APR is 4%? (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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