You purchased a new car for $37,000 by making a $10,000 down payment and borrowing the remainder
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Question:
You purchased a new car for $37,000 by making a $10,000 down payment and borrowing the remainder at an annual rate of 9.75 percent for five years.What is your monthly payment?
A. $498
B. $451
C. $406
D. $570
E. $475
F. $546
G. $428
H. $522
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