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You Borrow 30,000 to purchase a car, and will pay off the loan in 60 monthly payments with the first due in exactly one month.

You Borrow 30,000 to purchase a car, and will pay off the loan in 60 monthly payments with the first due in exactly one month. what are your monthly payments if the relevant interest rate is 6% per year = .5% =.005 per month?

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