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Today, you decided to buy a new Subaru WRX GT for $ 4 8 , 8 9 3 . You will finance the purchase over

Today, you decided to buy a new Subaru WRX GT for $

48, 893 .

You will finance the purchase over

5

years with monthly payments. Find the amount of your monthly payment if the relevant interest rate is

5.16

percent

(

APR

)

with monthly compounding

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