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Youd like to purchase a new car when you graduate and start working. The car that you would really like costs $36,500. Youve checked with
Youd like to purchase a new car when you graduate and start working. The car that you would really like costs $36,500. Youve checked with the bank and based on your income, you would qualify for a car loan with an annual interest rate of 4.32% with a 5-year repayment period. What would be your monthly car loan payment? (Round answers to 2 decimal places, e.g. 52.75.) Monthly car loan payment is $
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