What is the amount of her monthly payment on the loan

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Reference no: EM131508577

Kristen has just purchased a used Mercedes for $22,800. She plans to make a $3,500 down payment on the car. What is the amount of her monthly payment on the loan if she must pay 6% annual intrest on a 36-month car loan? The payments are made at the begining of each month.

Reference no: EM131508577

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