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You are considering to buy a car. The value of the car is $41,000 and a 6-year auto loan rate based on your FICO score

You are considering to buy a car. The value of the car is $41,000 and a 6-year auto loan rate based on your FICO score is 3.5%. If you decided to buy the car with a zero money down, what would be your monthly payment for your auto loan?

Please show your work.

a. $632

b. $864

c. $7,694

d. $1,567

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