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You want to buy a car, and a local bank will lend you $35,000. The loan would be fully amortized over 3 years (36 months),

You want to buy a car, and a local bank will lend you $35,000. The loan would be fully amortized over 3 years (36 months), and the nominal interest rate would be 8%, with interest paid monthly. What is the monthly loan payment? Round your answer to the nearest cent

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