Melinda purchases a car for 20000 she immediately makes a, Finance Basics

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Melinda purchases a car for 20000 she immediately makes a

Question: Melinda purchases a car for $20,000. She immediately makes a down payment of $2,000 and agrees to pay the remaining amount with equal monthly payments at the end of each month for 5 years. The effective annual rate of interest for her loan is 1.9%. How much does Melinda pay at the end of each month?

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