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You are thinking about a vintage car that costs $50,000. The car dealer proposes the following deal: He will lend you the money, and you

You are thinking about a vintage car that costs $50,000. The car dealer proposes the following deal: He will lend you the money, and you will repay the loan by making the same payment every three months for the next 20 years (i.e. 80 total payments). If the interest rate is 6% APR with monthly compounding, how much will you have to pay every three months?

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