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You can buy a car for $38,000. You agree to a 60-month loan with a monthly interest rate of 0.55%. What is your required monthly

You can buy a car for $38,000. You agree to a 60-month loan with a monthly interest rate of 0.55%. What is your required monthly payment?

$605.54

$634.24

None of the provided answers are correct.

$745.29

$712.94

$764.07

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