You want to borrow $9800 to purchase a used car. If the dealership is offering a 5-year loan at 6.5% financing compounded monthly, what is your monthly payment? (2 marks)

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You want to borrow $9800 to purchase a used car. If the dealership is offering a
5-year loan at 6.5% financing compounded monthly, what is your monthly payment?
(2 marks)

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