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Pete Sole Bought a Used Car for $8,000  1  2\frac {\text { 1 }} { \text { 2} }

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Pete Sole bought a used car for $8,000. Pete put down $2,000 and financed the balance at10  1  2\frac {\text { 1 }} { \text { 2} } % for 60 months. What is his monthly payment? (Use the loan amortization table.)


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