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You are borrowing $5,550 to buy a car. The terms of the loan call for monthly payments for 5 years at a 6.00 percent interest

You are borrowing $5,550 to buy a car. The terms of the loan call for monthly payments for 5 years at a 6.00 percent interest compounded monthly. What is the amount of each payment?

rev: 10_26_2013_QC_37907

$79.00

$100.23

$79.55

$107.30

$101.83

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