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You want to purchase a totally restored Smokey and the Bandit TransAm at a cost of $50,000. You plan on paying 10% down and financing

You want to purchase a totally restored "Smokey and the Bandit" TransAm at a cost of $50,000. You plan on paying 10% down and financing the balance over 4 years at 5.6% with monthly payments. What is your monthly payment?

$2,718.85
$627.44
$12,500
$1,048.59

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