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Yak purchased a car for $22,601. He obtained a 6 year term loan at an...

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Accounting

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Yak purchased a car for $22,601. He obtained a 6 year term loan at an interest rate of 4.16%. Using the following function to calculate his monthly payment. M=(1+12r)12t1B0(12r)(1+12r)12t Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Do not use a comma. Example: 536.21

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