Juan went to his local car dealership. He decided to buy a $24,390 car. His loan was approved at an APR of 5.3% for 5 years. What is his monthly payment

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Juan went to his local car dealership. He decided to buy a $24,390 car. His loan was approved at an APR of 5.3% for 5 years. What is his monthly payment 

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