What is the monthly payment for a three-year new car loan, Microeconomics

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What is the monthly payment for a three-year new car loan

Problem

What is the monthly payment for a 3-year new car loan when the nominal interest rate is 12%? After rebates, down payments, and other charges, the amount borrowed was $10,500.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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