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Mathematics, 27.03.2020 22:38 Michael321

Jerry’s new car has a list price of $22,415. The sales tax in Jerry’s state is 8.75%, and he is responsible for a $1,925 vehicle licensing fee and a $79 documentation fee. Jerry plans to make a down payment of $3,000 and finance the rest at an interest rate of 10.86%, compounded monthly. If Jerry’s financing plan spans three years, what will his monthly payment be?

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