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You are concluding a deal to purchase a used Camry for $ 1 7 , 9 2 7 . You have decided to borrow the

You are concluding a deal to purchase a used Camry for $17,927. You have decided to borrow the entire purchase price from your dealer at an interest rate of 5.80 percent. The loan terms call for equal monthly payments over five years. Calculate your monthly payment amount.
$418.50
$344.91
$503.17
$285.67
$469.31
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