You would like to purchase a car that costs 25000 you have


You would like to purchase a car that costs $25,000. You have $5,000 to use as a down payment and have found financing for the remainder at a rate of 6.25%. The financing repayment plan requires equal monthly payments for 4 years. What will your payment be? (Round your answer to the nearest dollar)

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Financial Management: You would like to purchase a car that costs 25000 you have
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