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To buy a car, you need to take out a $6,000 fixed-rate loan with 5 years to maturity, 60 equal monthly payments, and a quoted

To buy a car, you need to take out a $6,000 fixed-rate loan with 5 years to maturity, 60 equal monthly payments, and a quoted annual interest rate of 9% APR. What will be your monthly mortgage payment?

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