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You would like to purchase a used 2009 Chevy Cobalt now and have agreed upon a price of $12,300. At an annual interest rate of

You would like to purchase a used 2009 Chevy Cobalt now and have agreed upon a price of $12,300. At an annual interest rate of 7% and monthly payments, what is the payment amount each month for a 5 year loan? 3

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