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You have decided to buy a new Tesla Model X that costs $31,400. Since you do not have a big down payment, Tesla offers you

You have decided to buy a new Tesla Model X that costs $31,400. Since you do not have a big down payment, Tesla offers you a loan with an APR of 6.29 percent compounded monthly for 5 years with the first monthly payment due today. What is the amount of your loan payment? Multiple Choice O $611.29 $446.70 $52741 O $608.11 O $444.38

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