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urgent Todd buys a car worth $31,000, makes a down payment of $2,500, and requires a loan for the balance of the car purchase. His

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Todd buys a car worth $31,000, makes a down payment of $2,500, and requires a loan for the balance of the car purchase. His credit union offers financing at 7.9% compounded monthly, for a term of 5 years, payable monthly. What is Todd's monthly payment? $694.43 $627.09 $512.53 $576.51

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