[Solved] You borrow $40,000 to buy a car. The loan

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You borrow $40,000 to buy a car. The loan is to be paid off in 10 equal monthly payments at 12% interest annually. The first

You borrow $40,000 to buy a car. The loan is to be paid off in 10 equal monthly payments at 12% interest annually. The first payment is due one month from today. What is the amount of each monthly payment? (Round to nearest ones)

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