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You borrow $7,900 to buy a car. The terms of the loan call for monthly payments for five years at a 6.5% rate of interest.

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You borrow $7,900 to buy a car. The terms of the loan call for monthly payments for five years at a 6.5% rate of interest. What is the amount of each payment? $153.74 $154.57 $154.39 $153.80 $154.68

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