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You are interested in buying a new car. The sticker price is $ 3 8 , 6 1 6 . 0 0 and you have

You are interested in buying a new car. The sticker price is
$38,616.00 and you have $3,434.00 to put toward a down payment. If
you can negotiate a nominal annual interest rate of 8.8% and you
wish to pay for the car over a 4-year period, what are your monthly
payments?

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