Question: Question 8 (1 point) Blake has borrowed $30,000 on a 3-year note to buy a car. The loan requires equal monthly payments of principal and

Question 8 (1 point) Blake has borrowed $30,000 on a 3-year note to buy a car. The loan requires equal monthly payments of principal and interest, with the first payment due one month after the loan is signed. The quoted interest rate is 7%. What will Blake's monthly payments be? Round your answer to the nearest dollar $926 $260 $378 none of the above

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