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Solve the problem using the loan payoff table or an amortization table.
-Marge and Tom Martin bought a new car for $26,500. They agreed to pay 20% down and make monthly payments for 4 years at 10% (compounded monthly) to pay off the rest. Find the amount of each monthly payment.
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Q101: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8285/.jpg" alt=" A)$1.73 B)$2.65 C)$2.08
Q210: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8285/.jpg" alt=" A)Estimate: 210, exact: