Question: You are borrowing $ 5 , 2 4 0 to buy a car. The terms of the loan call for monthly payments for 3 years

You are borrowing $5,240 to buy a car. The terms of the loan call for monthly payments for 3 years at a 5.00 percent interest compounded monthly. What is the amount of each payment?$157.05$13521$170.37$134.66$173.58

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