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You want to buy a car that costs 20000$ you have to pay 2000 upfront as down payment and you are considering a financing option

You want to buy a car that costs 20000$ you have to pay 2000 upfront as down payment and you are considering a financing option with a bank. If the bank charges 12% annual interest rate compounded monthly (1% per month) what would be your monthly payment for the 50-month perio?

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