Question: You purchase a car for $ 3 5 , 0 0 0 and pay $ 5 , 0 0 0 down. You also agree to

You purchase a car for $35,000 and pay $5,000 down. You also agree to pay the rest over the next 5 years in monthly payments at 3.5% percent interest on the unpaid balance. What will be the amount of each payment?

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