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You need to buy car. You have found a used car you like for $8,000, but you will need to take out a loan to

You need to buy car. You have found a used car you like for $8,000, but you will need to take out a loan to afford it. You have arranged an auto loan at your bank with an APR of 6% to be paid off in 5 years. What will your monthly payments be? Round to the nearest cent.

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