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You want to buy a new car. The car costs $31,321. The loan for the car is quoted at 7.36% APR for a 40 month

You want to buy a new car.

The car costs $31,321. The loan for the car is quoted at 7.36% APR for a 40 month loan with a 15% down payment.

What is the monthly payment for this loan?

Round your answer to 2 decimal places. (For example 2.437 = 2.44)

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