Question: Pete borrows $ 1 5 , 0 0 0 to purchase a used car. He must repay the loan in 3 6 equal end -

Pete borrows $15,000 to purchase a used car. He must repay the loan
in 36 equal end-of-period monthly payments. Interest is calculated at
per month. Determine the following:
(a) The amount of the monthly payment

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