Monthly loan payment, Carol purchases a car for $36,000, makes a down payment of 10%, and, Mathematics

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Monthly loan payment

Carol purchases a car for $36,000, makes a down payment of 10%, and finances the rest with a 6-year car loan at an annual interest rate of 5.7% compounded monthly. What is the amount of her monthly loan payment?

A. $671.00

B. $603.90

C. $591.54

D. $532.39

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Mathematics: Monthly loan payment

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