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You are borrowing $21,000 to buy a car. Your interest rate is quoted as an APR of 3.08%, based on monthly compounding. The loan is

You are borrowing $21,000 to buy a car. Your interest rate is quoted as an APR of 3.08%, based on monthly compounding. The loan is for 8 years. How much is each monthly loan payment? To nearest $0.01

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