Question: 7 . Mr . Jones is considering purchasing a used car for $ 2 5 , 0 0 0 . Mr . Jones has an

7. Mr. Jones is considering purchasing a used car for $25,000. Mr. Jones has an excellent credit rating, so the dealer offers to finance the car at 5% interest over a 4 year period. What is the monthly payment amount that Mr. Jones would be expected to pay?

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