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You want to buy a car that costs $15.000. You pay $3500 in cash and then borrow the rest at 2.9% compounded monthly. Find your
You want to buy a car that costs $15.000. You pay $3500 in cash and then borrow the rest at 2.9% compounded monthly. Find your monthly payment on the borrowed amount if the length of the loan is 5 years. Round your answer to two decimal places if rounding is necessary. There is a $ next to the answer box, so do not type a 5 in your answer. $
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