Question eln purchased a used for a 10000 she whole a check, Ask an Expert

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Question: Eln purchased a used for a $10,000. She whole a check for $2,000 as a down payment for the car and financed the $8,000 balance. The annual percentage rate a 12% compounded monthly and the loan is to be repaid monthly installments over the next five years. Which of the following is more near to Eln's monthly payment?

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