Joshua would like to purchase a car with a cost of 22000 he


Joshua would like to purchase a car with a cost of $22,000. He is able to finance the entire cost of the car with a loan. The terms of the loan are 60 monthly payments at an interest rate of 5.9% per year, compounded monthly. How much will his monthly payment be?

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Business Economics: Joshua would like to purchase a car with a cost of 22000 he
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