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You are interested in purchasing a vehicle that is selling for $30,000. You have $6,000 available, and you would like to borrow the remaining amount

You are interested in purchasing a vehicle that is selling for $30,000. You have $6,000 available, and you would like to borrow the remaining amount from a bank. The bank loan involves equal monthly payments, to be paid at the end of each month, over a four-year period at an interest rate of 5.9% per year compounded monthly. How much do you have to pay monthly? Show your calculation

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