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You went through an auto dealership and you want to buy a car. You've seen the dealership ads and found one that you liked. You
You went through an auto dealership and you want to buy a car. You've seen the dealership ads and found one that you liked. You can pay a down payment of $ 26,789.50, and the rest, $ 230,000, will be through financing. The annual nominal rate is 8.5% and you will pay it in 36 monthly installments. How much will each payment be?
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