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You are borrowing $5,370 to buy a car. The terms of the loan call for monthly payments for 5 years at a 5.50 percent interest
You are borrowing $5,370 to buy a car. The terms of the loan call for monthly payments for 5 years at a 5.50 percent interest compounded monthly. What is the amount of each payment?
$99.78
$77.96
$77.41
$102.57
$98.23
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