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Yolanda borrows $70,000 to buy a BMW. The dealer charges her an APR of 5%, compounded monthly, and requires her to make payments also on

Yolanda borrows $70,000 to buy a BMW. The dealer charges her an APR of 5%, compounded monthly, and requires her to make payments also on a monthly basis for next five years.

What will be the amount of each payment?

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