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You want to buy a car. To do so, you will need to take out a loan in the amount of $22,000. The longest you

You want to buy a car. To do so, you will need to take out a loan in the amount of $22,000. The longest you are willing to pay on the loan is five years. The interest rate on this type of loan is 5.0% per year.
How much will the equal monthly payments be?


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