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Use the monthly payment on a loan table to answer the following question. Samuel n buys a car worth $35,000, makes a down payment of $3,500 and requires a loan for the balance of the car purchase. His credit union offers financing at 6.25% compounded monthly, for a term of 5 years, payable monthly. What is Samuel’s monthly payment?

Sagot :

cs88811

Answer:

$609.32

Step-by-step explanation:

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