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You want to buy a new sports car, but you won't be able to afford it for 5 years. You're looking at a model that

You want to buy a new sports car, but you won't be able to afford it for 5 years. You're looking at a model that currently costs $80,245.10, and the price is expected to rise by 4.5% per year until you are ready to buy it in 5 years. When you're ready to buy the car, the local bank will give you a 5-year loan at an annual interest rate of 10%, with a 10% down payment required. How much will the monthly payments be?
ROUND THE PRICE OF THE CAR IN 5 YEARS TO THE NEAREST DOLLAR, AND THEN ROUND YOUR FINAL ANSWER TO 2 DECIMAL PLACES

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