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You want to buy a car that costs $ 4 3 , 0 0 0 . The car dealer offers to finance the purchase with

You want to buy a car that costs $43,000. The car dealer offers to finance the purchase with a 8 year loan that has an interest rate of 4% APR (quarterly compounding) with the first payment occurring one period from now. What is the quarterly payment on this car loan?
$1,576.85
$6,386.70
$2,405.79
$5,619.68
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