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You are interested in purchasing a new car that costs $40,000. The dealership offers you a financing rate of 0.7% per month for 48 months.

You are interested in purchasing a new car that costs $40,000. The dealership offers you a financing rate of 0.7% per month for 48 months. The first payment will be made one month from today. Assuming that you do not make a down payment, what would be your monthly payment? None of the given choices $704.04 $984.04 $833.33

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