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You plan to purchase a car that costs $42,100. You deposit a down payment of $4,000 and finance the remaining amount over a period of
You plan to purchase a car that costs $42,100. You deposit a down payment of $4,000 and finance the remaining amount over a period of 5 years. Your quoted annual rate is 9.30% compounded monthly. What will your monthly car payment be? Round to the nearest $0.01.
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