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You are thinking about buying a new car. The price of the car is $44,000. You have $5,000 to put towards the down payment and

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You are thinking about buying a new car. The price of the car is $44,000. You have $5,000 to put towards the down payment and want to take out a car loan for the rest. If you can negotiate an annual interest rate of 4.7 percent APR (with monthly compounding) and wish to pay for the car over a 4-year period, what would be your monthly payment? $826$866$893$922$942$957

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