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You are looking to purchase a new car. The car is listed for $ 3 0 , 0 0 0 . After negotiating, the dealer

You are looking to purchase a new car. The car is listed for $

30, 000 .

After negotiating, the dealer is willing to give you $

7, 000

for your trade in

.

You decide to finance the balance of the car through the dealership for

5

years at

8 % .

What is the monthly payment for your new car?

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