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You buy a car for $39000 today and the company gives you a loan for that amount for6-year term at 8% nominal annual interest, compounded

You buy a car for $39000 today and the company gives you a loan for that amount for6-year term at 8% nominal annual interest, compounded monthly. What would the monthly payment be?

$645.91
$683.80
$729.07
$701.69

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