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You borrow $6,330 to buy a car. The loan requires monthly payments for years, and the interest rate is 7 percent annually with monthly compounding.

You borrow $6,330 to buy a car. The loan requires monthly payments for years, and the interest rate is 7 percent annually with monthly compounding. What is the amount of each payment? Assume the first payment is due in one month. O $71.00 O $70.22 O $101.73 $100.01 $107.92 MacBook Air # $

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