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You would like to purchase a car whose price is 171,000 SEK. You are offered a loan to cover the entire amount and its terms

You would like to purchase a car whose price is 171,000 SEK. You are offered a loan to cover the entire amount and its terms establish an APR with monthly compounding equal to 3%. The loan is supposed to be paid back in 9 years with equal monthly payments. 



What is the monthly payment?

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