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Tim is purchasing a car with a price tag of $ 2 2 , 0 0 0 . He can afford $ 5 , 0

Tim is purchasing a car with a price tag of $22,000. He can afford $5,000 down
payment. The car dealer offers him 12% Annual Percentage Rate (APR: car loan
interest rate) over 3 years. How much is the monthly car payment?
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