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You plan to buy a car that has a total cost of $27,771. You will...

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Finance

You plan to buy a car that has a total cost of $27,771. You will make a down payment of $9,555. You will finance the remainder of the cars cost over a period of 4 years. You will repay the car loan by making equal payments at the beginning of each month. Your quoted annual interest rate is 5.5%, with monthly compounding of interest. What will your monthly payments be? Enter your answer with a "$" and round to 2 decimals.

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