Determine the amount of monthly car payment


ou decide to buy a car, the ML 350 sports utility vehicle offered by Mercedes-Benz. After much negotiating between you and the dealer, you settle upon a purchase price of $35,294. After adding 7% of the purchase price for sales tax, you make a down payment of $10,764.58, and agree to finance the rest at 6% APR for 72 months. Determine the amount of your monthly car payment.

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Microeconomics: Determine the amount of monthly car payment
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