Question: You have decided to buy a $ 2 2 , 0 0 0 car. The local bank, Loansforall Savings and Trust, is willing to give

You have decided to buy a $22,000 car. The local bank, Loansforall Savings and Trust, is willing to give you a 5-year loan at an annual interest rate of 13%. A 10% down payment is required. What will your monthly payments be?

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