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You are thinking about buying a new car. The sticker price is $29,000 and you have $5,000 to put towards the down payment. If you

You are thinking about buying a new car. The sticker price is $29,000 and you have $5,000 to put towards the down payment. If you can negotiate an annual interest rate of 6 percent APR (with monthly compounding) and wish to pay for the car over a 5-year period, what would be your monthly payment?

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