You are considering purchasing a new car. You have $2000 for a down payment and...
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You are considering purchasing a new car. You have $2000 for a down payment and the total cost of the car including taxes, tag and title is $25,000. You plan to finance the remaining cost of the car after your down payment. You can get a loan for 5 years at 8% interest per year. What is your monthly car payment? (SHOW WORK)
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