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Hunan bought a car priced at $15,900 for 15% down and equal monthly payments for three years

Finance

Hunan bought a car priced at $15,900 for 15% down and equal monthly payments for three years. It interest is 8% compounded monthly, what is the size of the monthly payment? The monthly payment is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)

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2.86 USD

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