Question: (Nonannual compounding using a calculator) Prof. Finance is thinking about trading cars. He estimates he will still have to borrow $30,000 to pay for his

(Nonannual compounding using a calculator) Prof. Finance is thinking about trading cars. He estimates he will still have to borrow $30,000 to pay for his new car How large will Prof. Finance's monthly car loan payment be if he can get a 7-year (84 equal monthly payments) car loan from the university's credit union at 9.8 percent? Prof. Finance's monthly car loan payment will be $ (Round to the nearest cent.)

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