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Mathematics, 27.07.2021 16:50 goat29

Alex is buying a car that costs $18,000. The tax rate is 7%, and he plans to make a down payment of $2,000. The sales tax is added to the price of the car before the down payment is made. He is considering a five-year loan with a simple interest rate of 6.2% each year. What will be his monthly payment?

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