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You are considering the purchase of a new car with a price of $48,200. You can make a down payment of $10,000 and finance the

You are considering the purchase of a new car with a price of $48,200. You can make a down payment of $10,000 and finance the remaining balance over 5 years (60 months) at 6.0%. You wonder if you can afford the monthly payments. How much will the monthly payment be?

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