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You just purchased a new car and had to borrow $ 2 5 , 0 0 0 . According to the financing arrangement, you must

You just purchased a new car and had to borrow $25,000. According to the financing arrangement, you must repay the loan via 5 years of monthly payments at a nominal rate of 7%. How much are each of those monthly loan payments?
$495
$415
$403
$508
$427
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