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You purchase a vehicle for $ 5 7 , 0 0 0 , pay $ 1 7 , 0 0 0 as a down -

You purchase a vehicle for $57,000, pay $17,000 as a down-payment and finance the remainder. The vehicle loan is to be paid off in equal monthly payments over the next 6 years. The nominal interest rate on the loan is 12% compounded monthly. Find the value of the payments. The answer is within $1.50 of which of the following?
Question 2 options:
781
784
787
790

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